Home South Korea suspected of selling US dollars to defend Won

South Korea suspected of selling US dollars to defend Won

Published date: 30 May. 2019 | 03:02

South Korea’s FX officials seem to have sold US dollar this Thursday morning in Asia in order to help Won avoid falling to a fresh 15-monnth lows beyond 1,195 per USD.

The USD/KRW pair is currently trading at 6.93, representing 2.4% gains on a monnth-to-date basis, having rallied 2.5% in April.

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