SEOUL, Aug 14: The South Korean won ended lower in domestic trade on Wednesday, weighed by renewed demand for dollars from offshore investors as positive U.S. Data fueled bets that the Federal Reserve will start reducing its bond purchases next month.
The currency was quoted at 1,118.7 against the dollar at the end of onshore trade, compared with Tuesday’s domestic close of 1,115.3, marking its third consecutive day of losses.
It slipped as low as 1,121.2 against the dollar, the weakest since Aug. 2, but found some support from local exporters as well as foreign inflows to the local stock market.
South Korean markets will be closed on Thursday due to a public holiday. Markets will reopen on Friday. (AGENCIES)
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