South Korea Holds Interest Rates, Won Goes Lower
The South Korean won declined today as the nation’s central bank kept the main interest rate unchanged, most likely influenced by threat of the European problems and the downgrade of the US credit rating for the global economy.
The Bank of Korea held its
USD/KRW went higher from 1,083.80 to 1,084.5 as of 10:34 GMT, while its reached today’s high of 1,090.70 earlier.
If you have any questions, comments or opinions regarding the South Korean Won, feel free to post them using the commentary form below.
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Earlier News About the South Korean Won:
- South Korean Won Suffers from Europe's Troubles (2011-07-12)
- Higher South Korea's Inflation Leads to Gains for Won (2011-07-01)
- Korea's Won Jumps on Inflation Forecast (2011-06-29)
- US Jobless Claims Go Down, Korea's Won Goes Up (2011-06-17)
- South Korea's Central Bank Raises Rates, Boosts Won (2011-06-10)
