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South Korean Won Avoids Losses

January 20, 2017 at 14:50 by Vladimir Vyun

10,000-wonMixed economic data from China hurt some of Asian currencies, but many of them managed to rise above the opening level by now, and the South Korean won was among them.

While some currencies reacted negatively to the news from China, the won managed to avoid losses. Yet the currency remains in danger as traders are nervous ahead of the speech of US President Donald Trump. They are not sure what Trump’s presidency will mean to the global economy, and markets do not like uncertainty.

USD/KRW fell 0.71% to 1,169.14 as of 14:39 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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