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Results 1 - 2 of 2 for seoul

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  1. Business - Money - FOREIGN EXCHANGE

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

    Posted Nov 22nd 2012, 02:43pm by Reuters in Seoul

    ... 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 ...

    http://www.scmp.com/business/money/markets-investing/article/1088244/south-korea-bought-nearly-us1b-curb-won-rise
  2. Business - Money - FOREIGN EXCHANGE

    South Korea warns it may curb derivatives as won rallies

    Posted Nov 22nd 2012, 11:50am by Reuters in Seoul

    ... Reuters in Seoul South Korea warned on Thursday it was ready to take action, such as lowering the ceilings on banks’ foreign exchange derivatives positions as early as next week, to stem the won’s strength that it said was ”excessive”. The won wiped out early gains against the dollar after Deputy Finance Minister Choi Jong-ku made the strongest set of warnings in months ...

    http://www.scmp.com/business/money/markets-investing/article/1088161/south-korea-warns-it-may-curb-derivatives-won

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