Won rises as authorities may intervene to limit advances threatening exports

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Source: Bloomberg
© Scanpix/RS
The South Korean currency strengthened on Friday reaching the highest level on nine months as the government bonds increased after authorities signalled that advances threatening exports may be intervened and limited. The Won jumped 0.2% to 1,061.95 per U.S. Dollar by 10:24 a.m. Seoul time after rising to the strongest level since January 21 at 1,059.8 earlier.

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