Won rises, reserves at record high

Source: Bloomberg
South Korea's Won appreciated for the second day in a row after the exporters repatriated their overseas income and foreign-exchange reserves grew to a record. The exports jumped 5.7% in July as compared to the year before and the foreign-exchange reserves now amount to $368 billion. The Won climbed 0.2% to 1,031.75 per dollar and it is being backed up by the U.S. Dollar sales by exporters.

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