US Jobless Claims Go Down, Korea’s Won Goes Up

The South Korean won climbed today as the drop of unemployment claims in the US boosted demand for riskier assets, including Korea’ currency.

The US jobless claims went down to 414,000 in the week ending June 11 from the previous week’s reading of 430,000. The forecast value was 421,000. The speculation that Greece may receive aid from outside of Europe (from the International Monetary Fund and China perhaps) also helped to increase attractiveness of higher-yielding currencies.

USD/KRW went down to 1,085.95 from 1,091.90 today as of 10:29 GMT.

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