SEOUL, Aug 2 (Reuters) - South Korea's vice finance minister said on Wednesday authorities would step up monitoring of the foreign exchange market and
SEOUL, Aug 2 (Reuters) – South Korea’s vice finance
minister said on Wednesday authorities would step up monitoring
of the foreign exchange market and take measures in case of
increased volatility in the wake of a U.S. credit rating
downgrade.
Vice Finance Minister Bang Ki-sun’s comments came as the won
weakened by as much as 0.60% against the dollar and
hit the lowest level since July 13.
(Reporting by Jihoon Lee
Editing by Ed Davies)
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