Won rises to 2-year high as exporters sell dollars

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Source: Bloomberg
© Scanpix/Hkg
The South Korean currency rose on Monday heading for the strongest level in two years amid speculation that exporters are selling dollars to cover month-end expenses and as consumer confidence in the country increased in September. The Won advanced 0.1% to 1,061.23 per U.S. Dollar by 10:02 a.m. Seoul time following a gain to the highest level since August 2011 at 1,054.35 on October 24.

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Mon, 28 Oct 2013 10:36:04 GMT

Treasury volatility drops below past-years average amid Fed meeting

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Mon, 28 Oct 2013 10:14:07 GMT

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