South Korean Won Becomes Stronger with Better Global Economy
The South Korean won rose today on the forecast that the influence of the global economic recovery will outweigh the negative impact of the earthquake and the radiation leak in Japan.
The Kospi stock index gained 0.8 percent, reaching the highest level since February 7, as the number of investors who bought the Korean stocks exceeded the number of sellers for the ninth consecutive day. The won weakened earlier as the growing level of radiation was detected at the damaged Fukushima
USD/KRW dropped from 1,114.25 to 1,112.60 as of 17:51 GMT today.
If you have any questions, comments or opinions regarding the South Korean Won, feel free to post them using the commentary form below.
Tags
Categories
Earlier News About the South Korean Won:
- G-7 Will Help Japan, South Korean Won Gains (2011-03-18)
- Korean Won Rises as Crude Oil Retreats from Record (2011-03-09)
- South Korean Won Rally with Other Asian Currencies (2011-03-04)
- South Korean Won Gains on China's Inflation (2011-02-15)
- Korean Won Gains with Decrease of US Jobless Rate (2011-02-07)