The South Korean won climbed today to the highest level in almost three years, heading to the second weekly gain, after the government report showed that inflation grew with faster pace last month.
South Korea’s consumer prices increased 4.4 percent in June from a year ago, compared to the 4.1 percent increase in May and the central bank’s 4 percent target. Exports rose 14.5 percent, leading to the trade surplus of $3.3 billion. The won also gained as Greece accepted steps needed to receive the bailout.
USD/KRW traded at 1,066.65 as of 10:28 GMT today after opening at 1,067.10 and falling as low as 1,063.75.
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