(Bloomberg) -- The South Korean won rose to the
strongest this year on signs growth in Asia is accelerating.
The currency has strengthened almost 1 percent in July as
the central bank and government raised this year's growth
forecasts. Vice Finance Minister Kim Seok Dong said today the
government will stabilize the won when necessary. China's economy,
South Korea's biggest export market, grew at the fastest pace in
12 years in the second quarter, a report today showed.
Read more at Bloomberg Currencies News
strongest this year on signs growth in Asia is accelerating.
The currency has strengthened almost 1 percent in July as
the central bank and government raised this year's growth
forecasts. Vice Finance Minister Kim Seok Dong said today the
government will stabilize the won when necessary. China's economy,
South Korea's biggest export market, grew at the fastest pace in
12 years in the second quarter, a report today showed.
Read more at Bloomberg Currencies News
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