South Korea suspected of selling US dollars to defend Won

Omkar Godbole FXStreet Contributor

South Korea's FX officials seem to have sold US dollar this Thursday morning in Asia in order to help Won avoid falling to a fresh 15-monnth lows beyond 1,195 per USD.

The USD/KRW pair is currently trading at 1,189, representing 2.4% gains on a month-to-date basis. The pair gained 2.5% in April.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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