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S. KOREAN WON FALLS FOR A SECOND DAY ON CAPITAL INFLOWS.
SEOUL, Feb 1 Asia Pulse - South Korea's currency fell for a second consecutive day on Wednesday on continued inflows of foreign capital and an improving economy.
The Korean won, which opened at 963.10 won against the U.S. dollar, was trading at 959.70 won as of 10:02 a.m., down 4.9 won from the previous day's close and the lowest level since Nov. 4, 1997, when the corresponding figure was 945.5 won.
The local currency gained more than 4 per cent so far this year on speculation that exports will remain bullish. The currency gained 2.3 per cent in 2005 and 15 per cent the year before.
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Source: HighBeam Research, S. KOREAN WON FALLS FOR A SECOND DAY ON CAPITAL INFLOWS.