Bank of Korea sold a net $1.745 billion for FX intervention in Q3
The logo of the Bank of Korea is seen on the top of its building in Seoul, South Korea, March 8, 2016. REUTERS/Kim Hong-Ji/File Photo
SEOUL, Dec 31 : South Korea's foreign exchange authorities sold a net $1.745 billion in currency market intervention transactions in the third quarter, more than double the amount sold in the second quarter, central bank data showed on Wednesday.
It was the fourth consecutive quarter authorities sold dollars to curb the won's decline against the dollar. The won was down about 3.7 per cent during the three-month period.
Source: Reuters
