Won Rises Most in a Week as Kospi Rebounds With Global Equities
- Jobless rate falls to 3.6 percent, lowest since January
- Central bank seen keeping borrowing costs unchanged Friday
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The won rose the most in a week as a rebound in global equities spurred demand for emerging-market assets.
The government revealed an unprecedented 2016 budget on Tuesday to revive growth in Asia’s fourth-biggest economy, after exports slumped in August by the most since 2009. Sixteen of 18 economists surveyed by Bloomberg see the Bank of Korea keeping the seven-day repurchase rate at 1.5 percent on Friday, while two forecast a 25 basis-point reduction.