Won slides as Korean importers purchase Dollars

Source: Bloomberg
© Scanpix/Reuters
The South Korean Won was lower by 0.2% to 1,124.9 per U.S. Dollar in the morning of Seoul trading session on Tuesday. The currency touched 1,131.43 on 24th of May, which was the lowest level since 12th of April. Today the exchange rate dropped amid speculation that domestic importers took an advantage of the stronger Won and settled their month-end payments buying the Dollar.
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