s korea\s currency market appears to be \overreacting\
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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S. Korea's currency market appears to be 'overreacting'

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Arab Today, arab today S. Korea's currency market appears to be 'overreacting'

Seoul - Yonhap

South Korea's currency market appears to be "overreacting" in recent days, a senior finance ministry official said Tuesday, hinting at a possible intervention to ease the won's steep decline. "Given the won's recent movements, the market seems to be overreacting," Choi Jong-ku, a deputy finance minister, told Yonhap. "I think that there will be a correction." His remarks come as the nation's local currency has been tumbling in recent trading amid growing jitters over the debt crisis in Greece and other European countries.

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