(Adds official's comment, won's recent moves)
By Yena Park and Choonsik Yoo
SEOUL, April 25 (Reuters) - South Korean foreign
exchange authorities were suspected of selling U.S. dollars to
support the won on Tuesday, multiple dealers said
soon after a senior official warned against increased
volatility.
The won was traded at 1,332.3 to the dollar at 0613 GMT soon
after dealers sighted the suspected intervention, stronger than
around 1,336.5 just minutes before.
A foreign exchange official told Reuters by telephone the
increased volatility in the won's exchange rate was not
desirable, a phrase usually accepted in the foreign exchange
market as a warning from the authorities.
"Regardless of where (the rate heads), an increased
volatility in the exchange rate is not desirable and (the
authorities) are looking into ways to reduce the volatility,"
the official said, while declining to be identified.
(Reporting by Choonsik Yoo and Yena Park; Editing by
Christopher Cushing & Simon Cameron-Moore)
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