Traders shrug off MoFE measures
NEWS
One FX trader in the region told FX Week: "From what I have seen of the Korean won's behaviour over the last few days, these measures are having little effect on the currency."
The won has already been going through a downward correction, with many traders saying they had been expecting the new measures since December. The won had lost 2.8% since then as traders had already priced in the new policies.
On December 7, 2006 for example, the won was trading at 913.7 against the dollar. Between then
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