South Korean won climbed today, along with other Asian currencies, as signs of the economic growth in China and the United States improved outlook for exports of the Asian nation.
The signs of economic growth caused speculation that demand for exports from South Korea would grow. The nation’s economy definitely needs help as inflation slowed below the median forecast of 2.8 percent to 2.1 percent in April. That was the lowest level in 21 months. The Ministry of Finance assured that it would take measures to boost economic growth.
USD/KRW was down from 1,131.9000 to 1,129.2999 as of 13:34 GMT today and the daily minimum was 1,125.2000.
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