(Bloomberg) -- South Korea's won dropped from the highest since January, as a technical chart some traders watch to predict future price movements indicated the appreciation may have been excessive.
The dollar's relative strength index against the won was 31.035 yesterday, close to the 30 level that suggests its decline may pause. The won has advanced 1.1 percent over the past month as the benchmark share index climbed to a record, helped by optimism economic growth will quicken later this year.
Read more at Bloomberg Currencies News
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