Won hits 4-month high on U.S. job data

Source: Bloomberg
© Scanpix/Reuters
South Korea's Won appreciated the most in nearly four months as the U.S. economy created fewer jobs in July than anticipated. The Won grew 0.7% to 1,029.75 per Dollar today, the biggest gain since April 9th. The economists believe the South Korea currency is regaining some of the losses it incurred on August 1st. Some of the investors are said to unwind their long positions on the Greenback.
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