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View Full Version : Korean Won Trades Near Two-Week Low, Bonds Rise After Europe Rating Cuts - Bloomberg



NewsWhore
02-13-2012, 08:50 PM
Korean Won Trades Near Two-Week Low, Bonds Rise After Europe Rating Cuts (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEa6l3u3fZHh_lCDdFFSk_LpEgYMQ&url=http://www.bloomberg.com/news/2012-02-14/korean-won-trades-near-two-week-low-bonds-rise-after-europe-rating-cuts.html)
Bloomberg
“Negative news from Europe is putting downward pressure on the won,” said Yu Won Jun, a Seoul-based currency dealer at Korea Exchange Bank. “Still, exporters are waiting to sell the dollar as the won weakens, and this will limit won declines.

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