SEOUL : South Korea's foreign exchange authority issued a verbal warning against speculative trading in the dollar-won on Tuesday as the won hover
SEOUL : South Korea’s foreign exchange authority issued a verbal warning against speculative trading in the dollar-won on Tuesday as the won hovered around a 13-year low.
“We will thoroughly check whether there is speculative movement from offshore (market) as the won declines against the dollar amid the dollar’s strength,” a text message from FX authority showed.
The won pared some of its early losses after the warning.
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