South Korea bought nearly US$1b to curb won rise - dealers

PUBLISHED : Thursday, 22 November, 2012, 2:43pm
UPDATED : Thursday, 22 November, 2012, 2:50pm

The South Korean authorities bought nearly US$1 billion in intervention aimed at curbing the won’s strength on Thursday, dealers in Seoul estimated.

The won reversed initial gains on the reported intervention and warning remarks by a deputy finance minister. It ended local trade at 1,085.9 per dollar, down 0.3 percent from Wednesday’s close or 0.5 percent below its session high.