(Bloomberg) -- The South Korean won rose, approaching
the highest this year, on speculation the central bank will raise
interest rates, boosting the appeal of fixed-income assets.
The won, the best performer in the past month of the 10
most-traded Asian currencies, also gained as Finance Minister
Kwon Okyu said today monetary policy should be aimed at
``controlling liquidity'' because prices may rise. The won added
almost 9 percent last year as the central bank raised rates three
times to 4.5 percent. It has left policy unchanged this year.
Read more at Bloomberg Currencies News
the highest this year, on speculation the central bank will raise
interest rates, boosting the appeal of fixed-income assets.
The won, the best performer in the past month of the 10
most-traded Asian currencies, also gained as Finance Minister
Kwon Okyu said today monetary policy should be aimed at
``controlling liquidity'' because prices may rise. The won added
almost 9 percent last year as the central bank raised rates three
times to 4.5 percent. It has left policy unchanged this year.
Read more at Bloomberg Currencies News
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