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THE INVESTOR] Volatility in Korea’s currency markets eased in June from a month earlier, the central bank said on July 12.
The session-over-session changes in the US dollar-won exchange rate averaged 0.28 percent in June, compared with 0.41 percent a month earlier, the Bank of Korea said in a statement.
“The won has fallen against the dollar since June due to caution on shifts in monetary policies in major countries and geopolitical risks,” the statement said.
Meanwhile, the Korean won posted 4.50 won in daily value changes against the US dollar in June, down from 5.50 won a month earlier, it said.
The won finished at 1,154.30 against the greenback July 7, compared with 1,144.10 won at the end of June, the BOK said.
By Alex Lee and newswires (
alexlee@heraldcorp.com)