Tuesday, June 19, 2007

South Korean Won Rises to One-Month High; Rupiah, Taiwan Dollar Advance

(Bloomberg) -- South Korea's won climbed to the
highest in more than a month on signs Asia's third-largest
economy is improving after a slowdown in the first quarter.

The won has risen 0.3 percent since the finance ministry
said June 18 the economy is recovering ``gradually,'' buoyed by
export growth and increased spending by consumers and businesses.
The benchmark stock index reached a record this week.


Read more at Bloomberg Currencies News

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