South Korean Won Rally May Pause as Pension Service Signals Halt

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The South Korean Won's recent strength may be set to pause, according to ING's Chris Turner, after news that Korea's National Pension Service could halt or reverse its forward-market Dollar selling. This development caused USD/KRW to rebound from 1335, signaling that authorities are comfortable with the Won's gains, which have seen a 15% drop in USD/KRW since June.

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