Markets

South Korean won rally more than 1 pct on short-covering

Published February 4, 2015 Updated February 4, 2015 05:46am

1 min

By Parvez Jabri

Add BRecorder as a trusted
source on Google

SEOUL: Short-covering in the South Korean won lifted the currency more than 1 percent against the dollar on Wednesday, as lacklustre US data as well as a rebound in oil prices squeezed out long positions in the greenback.

The won was quoted at 1,086.3 to the dollar as of 0503 GMT, compared to the session close of 1,097.4 on Tuesday.

Read Comments