Won declines as Yen's weakening alleviates concerns of S. Korea's intervention

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Source: Bloomebrg
South Korea's Won declined to the lowest level in 3 months as the Yen's weakening to a 3-year low alleviated concerns Korea's government will intervene to support exporters. The Won fell 0.2% to 1,089.25 per U.S. Dollar at 11:01 a.m. in Seoul. The currency traded at 1,098.25 on February 1, the lowest level since October. One-month implied volatility fell 23 basis points to 7.30%.
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Wed, 06 Feb 2013 07:15:04 GMT

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