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Won Rallies as BoK Speaks About Growth & China’s Data Still Good

August 9, 2013 at 10:26 by Vladimir Vyun

Coins on a 1,000-won noteThe South Korean won advanced today as the central bank spoke about economic growth of the Asian nation and after China released yet another positive report.

The Bank of Korea left its main interest rate at 2.5 percent yesterday and said:

In Korea, the Committee appraises economic growth to be continuing, albeit moderately, mainly led by exports.

China’s industrial production jumped 9.7 percent in July from a year ago. The data added to the optimistic mood among Forex traders, but not all currencies were able to profit from. The Thai baht was among losers.

USD/KRW fell 0.06 percent to 1,112.30 as of 10:24 GMT today.

If you have any questions, comments, or opinions regarding the South Korean Won, feel free to post them using the commentary form below.

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