The South Korean won climbed today to the highest level in almost three years, heading to the second weekly gain, after the government report showed that inflation grew with faster pace last month.
Korea’s Won Jumps on Inflation Forecast
June 29th, 2011 at 13:01
South Korean Won
The South Korean won climbed today as outlook for higher consumer prices growth compared to the previous estimates increased appeal of the nation’s assets.
US Jobless Claims Go Down, Korea’s Won Goes Up
June 17th, 2011 at 10:31
South Korean Won
The South Korean won climbed today as the drop of unemployment claims in the US boosted demand for riskier assets, including Korea’ currency.
South Korea’s Central Bank Raises Rates, Boosts Won
June 10th, 2011 at 11:51
South Korean Won
The South Korean won rose today against the euro and gained versus the US dollar before retreating as the nation’s central bank lifted its main interest rate to rein the inflation.
Korea’s Won Slips on US Economy
The South Korean won fell today on the speculation that the slowdown of the US economy will deter investors from higher-yielding assets.
South Korean Won Gains as Worries About Greece Eases
May 31st, 2011 at 9:12
South Korean Won
The South Korean won rose today against the US dollar as speculations that Greece will receive aid increased demand for higher-yielding assets.
South Korean Won Climbs on Current Account Surplus
May 27th, 2011 at 10:36
South Korean Won
The South Korean won gained today as the nation’s current account surplus advanced to the highest level in four months in April, increasing demand for South Korean assets.
Korean Won Rebound as Exporters Profit from Currency’s Drop
May 24th, 2011 at 12:46
South Korean Won
The South Korean won recovered today from the previous drop to the lowest level in seven weeks as exporters took chance to turn their profits into the nation’s currency.
South Korean Won Retreats on Possibility of Intervention
April 05th, 2011 at 16:23
South Korean Won
The South Korean won ended its five-day rally, falling today, on concerns that the government will intervene to slow the appreciation of the currency.
Expanding South Korean Economy Increases Appeal of Won
March 30th, 2011 at 14:18
South Korean Won
The South Korean won rose today to highest level in almost seven weeks as the inflows of foreign funds help the economy of South Korea, making the nation’s assets more attractive.