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US puts pressure on South Korea to let won rise

It also criticises Germany's widening trade surplus, says global growth too reliant on US

CURRENCY INTERVENTION: The Korean won has weakened 8.8 per cent against the US dollar in the past three quarters.


THE US Treasury has criticised South Korea's currency intervention and Germany's widening trade surplus in a report that called global growth unbalanced and too reliant on the strength of the American economy.

In a semi-annual report on foreign exchange policies, the