(Bloomberg) -- South Korea's won fell the most in a
month after Deputy Finance Minister Kim Sung Jin said the
government is ready to take action to stem gains that pushed the
currency to its highest since 1997.
``If the won moves because of speculative forces, the
government and the central bank will, are ready to, and are
determined to take appropriate steps when needed,'' Kim said at a
briefing in Gwacheon, South Korea today. ``The won has appreciated
too much against the dollar.''
Read more at Bloomberg Currencies News
month after Deputy Finance Minister Kim Sung Jin said the
government is ready to take action to stem gains that pushed the
currency to its highest since 1997.
``If the won moves because of speculative forces, the
government and the central bank will, are ready to, and are
determined to take appropriate steps when needed,'' Kim said at a
briefing in Gwacheon, South Korea today. ``The won has appreciated
too much against the dollar.''
Read more at Bloomberg Currencies News
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