(Bloomberg) -- South Korea's won may fall for the
first time in five days on concern the central bank will sell it
to prevent the currency's advance to a seven-month high from
eroding exporters' profits.
A stronger won reduces the foreign-exchange earnings Korean
exporters get from their dollar revenue. Finance Minister Kwon
Okyu on July 9 said authorities will ``actively respond'' to
gains in the won when necessary.
Read more at Bloomberg Currencies News
first time in five days on concern the central bank will sell it
to prevent the currency's advance to a seven-month high from
eroding exporters' profits.
A stronger won reduces the foreign-exchange earnings Korean
exporters get from their dollar revenue. Finance Minister Kwon
Okyu on July 9 said authorities will ``actively respond'' to
gains in the won when necessary.
Read more at Bloomberg Currencies News
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