off-the-wire

South Korea FX authorities to discuss market conditions with exporters

Kitco Media
By Reuters
Published:
Updated:
Reuters
SEOUL, Feb 27 (Reuters) - South Korea's foreign exchange authorities will meet with domestic exporting companies on Monday to discuss supply and demand conditions in the local currency market.


"We will review exporters' dollar supply and demand and check whether there is any difficulty (they are facing)," a foreign exchange authority told Reuters, adding there was increased volatility in the market in recent days.


Earlier in the session, the South Korean won weakened as much as 1.20% against the dollar, hitting its lowest level since early December last year. (Reporting by Yena Park; Writing by Jihoon Lee; Editing by Tom Hogue)

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