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S KOREA'S CURRENCY MARKET TO STABILIZE ON FALLING OIL PRICES.
SEOUL, Oct 1 Asia Pulse - The volatility of South Korea's currency market is expected to ease on falling oil prices and their positive impact on the nation's current account balance, a senior finance ministry official said Wednesday.
"With international crude oil prices going down, the current account balance for October will likely to turn around, helping to stabilize the local currency market," Vice Finance Minister Bae Kook-hwan told a local radio program.
Currency movements should be left to market conditions but excessive fluctuations will require government intervention, Bae said without elaborating.
On Tuesday, the won tumbled to a 64-month low of 1,207 won against ...
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Source: HighBeam Research, S KOREA'S CURRENCY MARKET TO STABILIZE ON FALLING OIL PRICES.