South Korea’s won weakened 3.57% against the US dollar in August, its biggest drop in six months. – AFPpicSouth Korea's foreign exchange reserves dropped in August to the lowest level in nine months, central bank data showed on Tuesday , as authorities intervened in the currency market to curb the won’s weakness.
The BOK said the decline, the first in three months, was due to a fall in the converted value of non-dollar assets and measures to ease volatility of the FX market, an apparent reference to market intervention.
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