(Bloomberg) -- South Korea's won rose to the
strongest this year before a government report tomorrow that may
show the nation's economy grew at the fastest pace in 1 1/2 years
last quarter. Bonds gained.
The won has risen 1 percent this month and the Kospi index
advanced to a record as the central bank and government raised
their growth forecasts. The Bank of Korea may allow the won to
appreciate faster as a 2.3 percent rally in Japan's currency
against the dollar this month eased concern exporters will lose
competitiveness.
Read more at Bloomberg Currencies News
strongest this year before a government report tomorrow that may
show the nation's economy grew at the fastest pace in 1 1/2 years
last quarter. Bonds gained.
The won has risen 1 percent this month and the Kospi index
advanced to a record as the central bank and government raised
their growth forecasts. The Bank of Korea may allow the won to
appreciate faster as a 2.3 percent rally in Japan's currency
against the dollar this month eased concern exporters will lose
competitiveness.
Read more at Bloomberg Currencies News
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