South Korean won rises most in 5 weeks after Fed, stocks gain

South Korean won rises most in 5 weeks after Fed, stocks gain

SEOUL: The South Korean won made its strongest daily gain for five weeks against the dollar on Thursday as investors priced in a later start to the Federal Reserve’s looming interest rate hikes after the US central bank’s policy meeting this week.

download

The won’s percentage gain was the largest since Feb. 13, as it finished onshore trade up 1.1 percent at 1,117.2 per dollar, compared to a previous close at 1,129.9.

Analysts at Samsung Futures said in a note that they expected the d ..

Read more at:
http://economictimes.indiatimes.com/articleshow/46621082.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Share this post

Leave a Reply

Your email address will not be published.