South Korean Won Rally with Other Asian Currencies

The Asian currencies, including the South Korean won, jumped today on the speculation that the policy makers won’t intervene to prevent gains.

The Bloomberg-JPMorgan Asia Dollar Index rose 0.5 percent this week. The policy makers in Malaysia, Thailand and South Korea will make the decision about the interest rates next week.

USD/KRW dropped from 1,116.00 to 1,113.95 as of 11:56 GMT today, following advance to 1,117.85.

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