Thread: Forex News from InstaForex
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04-11-13, 08:51 #11
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Krw Decline capped by Demand from Exporters -Dealers
KRW was quoted at 1,062.0 against the dollar as of 0205 GMT, compared with Friday's domestic closing level of 1,060.7.
Exporters continue to sell dollars to convert their contract payments into the local currency, offering firm support for the won. Investors are also reluctant to place aggressive bets before the release of the U.S. October employment report and third-quarter gross domestic product data later this week.
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