South Korea bought nearly US$1b to curb won rise - dealers
Reuters in Seoul
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.