The South Korean won strengthened today, reaching the highest level in more than two months after the nation�s foreign-exchange reserves climbed to the record level.
The nation�s reserves jumped to $285.96 billion in July from $274.22 billion in the month earlier. The reserves were boosted by the gains of the euro and the pound. The government announced that it�s going to take measures to stabilize the currency.
USD/KRW dropped to 1,171.50 from 1,172.40 today as of 8:48 GMT.
No comments:
Post a Comment