Won gains to strongest level since 2008

Source: Bloomberg
The South Korean Won appreciated to the strongest level in more than a five years on bets that country's officials will let it advance. The Won climbed 0.7% to 1,045.55 per Dollar at 9:43 a.m. Seoul time. The currency reached 1,044.81, the highest level since August 19, 2008, while its monthly implied volatility, decreased 0.04 to 6.39%.

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