The widening growth of the Chinese economy helps to boost other Asian country’s economies and exports, and the appreciating South Korean won is one of the signs of this trend.
The funds are streaming into the country, as the investors have the bullish outlook for the Korea’s performance. The experts think that the Korean currency has the potential to continue its rise. The news can be considered favorable not only to the Asian region, but to the world as well as the exporters in the regional countries are becoming more active.
USD/KRW traded at about 1108.00 as of 10:06 GMT today after it opened at 1111.40.
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