South Korean Won Jumps To 1-year High Versus US Dollar
October 08 2009 - 7:06PM
RTTF2
The South Korean won ticked up against the US dollar in early
Asian trading on Friday. At 6:45 pm ET, the won climbed to a 1-year
high of 1164.20 versus the greenback, compared to yesterday's
closing value of 1164.60.
The South Korean central bank is scheduled to announce its
decision on interest rates on Friday, headlining a light day for
Asian economic news. Most analysts expect the bank to keep rates on
hold at the current record low 2 percent - although some believe
the Bank of Korea will hike rates after Australia's became the
first central bank to raise rates earlier this week, signaling the
end of the global recession.
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