South Korean Won Firms As Authorities Pledge Action

The South Korean won gained to around 1,550 per dollar, rebounding slightly after touching its weakest level since March 2009 near 1,560, as authorities moved to contain speculative FX activity and market volatility. Top policymakers from the Finance Ministry, Bank of Korea, Financial Services Commission, and Financial Supervisory Service vowed to closely monitor the market and investigate suspected disruptive trading activity. However, gains remained limited by broad dollar strength after unexpectedly strong US labor market data prompted investors to scale back expectations for Federal Reserve easing. Continued foreign selling of Korean equities also fueled demand for dollars. Additional headwinds came from renewed Middle East tensions after reports that Iran fired missiles at Israel, boosting safe-haven demand for the greenback and raising concerns over higher energy costs for South Korea.
Profit
Everyone's racing to cut costs. We're racing to create profit.
Start Selling through Service
S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
