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Won Turns Quarterly Drop Into Gain as Kim Extends Olive Branch

  • Kim’s offer for talks eased tensions, Korea Investment says
  • North Korea has history of using negotiations to buy time
Bloomberg business news

HSBC's Maher Discusses the Dollar as N.Korea Eases Tensions

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In the space of just one week, South Korea’s won has turned a quarterly loss into a gain. And it’s all thanks to Kim Jong Un’s latest overture.

After Kim signaled in China he’s willing to engage the U.S. about abandoning nuclear weapons, the won climbed to the highest in two weeks to put it on track for a second quarterly advance. The won also got a boost as trade tensions came off the boil after the U.S. and South Korea clinched a revised trade agreement.