The Business Times

S Korean won cuts losses vs USD, traders suspect 'smoothing operations'

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Published Tue, Aug 11, 2015 · 03:56 AM

    [SEOUL] The South Korean won slightly cut losses against the dollar in midday on Tuesday as several traders in Seoul suspected foreign exchange authorities were engaging in dollar-selling smoothing operations to curb the currency's fall.

    The won erased some losses after touching 1,177.4 per dollar and was trading at 1,174.1 as of 0332 GMT.

    REUTERS

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