Won advances as easing Ukraine concerns support risk demand

Source: Bloomberg
© RS
The Won advanced the most for a week as signs of easing Ukraine tensions boosted investors' interest in riskier assets. Stocks climbed - with the Kospi Index gaining 0.9% and the S&P 500 hitting the record high. In the meantime, the report showed the foreign-exchange reserves in South Korea climbed to $351.79 billion previous month. The Won appreciated 0.2%, the strongest level since February 16, to 1,070.94 against the Dollar.
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