Korean Won Falls To 2-day Low Against U.S. Dollar
November 11 2015 - 7:21PM
RTTF2
The Korean won weakened against the U.S. dollar in the late
Asian session on Thursday, after the nation's central bank decided
to keep the benchmark interest rate unchanged.
The Bank of Korea's monetary policy board decided to keep the
nation's benchmark interest rate unchanged at the record low 1.50
percent, in line with expectations. Against the greenback, the
Korean won fell to a 2-day low of 1158.50 from an early high of
1153.40. At yesterday's close, the Korean won was trading at
1155.90 against the greenback.
If the Korean won extends its downtrend, it is likely to find
support around the 1180.00 area.
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