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S.Korean won extends gains after softer CPI data
Reuters - 2 hours 47 minutes ago
SEOUL, Nov 3 - The South Korean won extended gains against the dollar in late local trade Monday after data showed consumer prices grew less than market expectations in October, giving the central bank more room to lower interest rates.
The won <KRW=> rose as much as 2.9 percent to 1,254.9 per dollar from Friday's domestic close <KRW=KFTC> of 1,291.0.
For the story on October inflation, see [ID:nSEV000530].
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