Korean Won Climbs to Four-Month High on Current-Account Outlook
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South Korea’s won rose to its strongest level in more than four months as the central bank said this year’s current-account surplus may exceed its forecast.
The currency climbed for a third day as Bank of Korea official Lee Young Bog said the surplus in the account, which tracks net inflows from trade in goods and services, could be more than the full-year prediction of $21 billion by September. The won has gained 5 percent this month, Asia’s best performance, as global funds pumped more than $3.1 billion into Korean shares.