Korean Won Strengthens as Exporters Sell Dollars: SocGen
Societe Generale notes USD/KRW has slipped from around 1,390 to 1,360 as Korean exporters sold dollars before Chuseok, making the won one of Asia's standout currencies.
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Societe Generale highlighted the Korean won as one of Asia’s standout performers. USD/KRW has slipped from roughly 1,390 to 1,360, according to the bank.
The move has been supported by local exporters selling dollars ahead of the Chuseok holiday. Export strength is cited as a supportive factor for KRW.
Source: FXStreet Forex News