InfoAnda - South Korean won extends gains against dollar

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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Secondary Navigation Singapore Asia Pacific World Search Search: South Korean won extends gains against dollar Reuters - Friday, November 7 SEOUL, Nov 7 - The South Korean won extended gains to more than 2.5 percent over the previous close against the dollar on Friday in a dramatic upswing from an early drop of nearly 3 percent on the day. The won <KRW=> rose to as high as 1,294.9 per dollar, compared with Thursday's domestic close <KRW=KFTC> of 1,330.8, representing more than a 5.5 percent bounce from its session low set at 1,367.9 early in the morning. Several dealers had reported suspected dollar-selling by South Korean authorities earlier, but it was not clear whether there was further intervention. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Business ADB says slowdown could turn into global recessionAP - 1 hour 43 minutes ago China defends efforts to protect intellectual property rightsAFP - 1 hour 46 minutes ago Japan Airlines' quarterly profit risesAP - 1 hour 54 minutes ago China gives Agricultural Bank $19 billion bailoutAP - 1 hour 57 minutes ago Bank of Korea cuts key interest rate to 4 percentAP - 1 hour 59 minutes ago Most Popular – Business Viewed Among Obama's next challenges: his own security IMF sees recession in advanced economies in 2009 ECB, Bank of England slash interest rates Obama's grandmother, family 'rock', dies on election eve World stocks plunge on rising recession fears View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology

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