News Headline Summary

South Korean authorities buy close to USD 1bln in intervention to curb KRW's rise, according to sources

Update details:

- This comment came as we saw earlier in the session USD/KRW move aggressively higher away from the 1080 level after the south Korean Deputy finance minister said "It's time for government to take action on KRW."
- This move higher in USD/KRW has been attributed to government intervention attempting to defend the 1080 level.

Print 06:00, 22 Nov 2012 - Asian News - Source: Newswires