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Currencies – Korea’s Won Retreats After Rally

Posted on: August 12, 2011

The South Korean won rose earlier this day, bolstered by yesterday’s report about the US jobless claims, but later retreated on the inflation threat. Unemployment claims in the US declined from 402,000 to 395,000 last week. The median forecast was 401,000. Finance Minister Bahk Jae Wan said tod

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