Wednesday, April 25, 2007

South Korean Won Declines as Report Shows Wider Current Account Deficit

(Bloomberg) -- South Korea's won fell from near the highest in more than three months after a central bank report showed the current account deficit widened to an 11-month high in March.

The growing deficit means more money is flowing out of South Korea, weighing on the local currency. The won also weakened after a chart some traders use to predict future price movements showed the currency's appreciation may stall.


Read more at Bloomberg Currencies News

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