Won falls on concerns about intervention to slow gains

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Source: Bloomberg
South Korean currency declined on Wednesday snapping a two-day gain amid speculations that policymakers may intervene to reduce gains as global demand for regional stocks spurred the Won to its highest level in eight months. The Won dropped 0.3% to 1,075.70 per U.S. Dollar at 10:02 a.m. Seoul time after it touched the strongest since January 25 at 1,072.31 yesterday.

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