(Bloomberg) -- South Korea's won rose, ending two
days of losses, on speculation exporters took advantage of the
currency's lowest close in three weeks to bring home earnings.
The won yesterday completed the biggest two-day drop since
May 18, making it more attractive for exporters to convert
dollars into the local currency. Shipbuilders are also bringing
back their earnings, said Moon Hee Lee, a currency trader at ABN
Amro Bank NV.
Read more at Bloomberg Currencies News
days of losses, on speculation exporters took advantage of the
currency's lowest close in three weeks to bring home earnings.
The won yesterday completed the biggest two-day drop since
May 18, making it more attractive for exporters to convert
dollars into the local currency. Shipbuilders are also bringing
back their earnings, said Moon Hee Lee, a currency trader at ABN
Amro Bank NV.
Read more at Bloomberg Currencies News
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