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08.11.201003:18:00UTC+00South Korean Won Slides Against Dollar; Forex Authorities spotted buying Dollars

News:

  • The won was expected to stay in a tight range as the bullish trend fed by on an appetite for the country's assets among foreign investors was expected to be offset by concerns about capital controls
  • The won ended domestic trade down 0.6 pct at 1,113.5 per dollar from Friday's domestic close of 1,107.3
  • The authorities were spotted buying dollars to force the won to stay weaker than 1,110 vs the greenback, dealers said

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