The South Korean won climbed to its top value since 2009 against the world’s reserve currency on Friday, leading Asian currencies’ weekly gains against their cross-Pacific rival, according to Bloomberg.
The won climbed amid speculation the U.S. will not change borrowing costs from their low level. South Korea released economic data indicating the current-account surplus in March was its highest in five months.
The won pushed ahead roughly 1.1 percent against the dollar as the trade week closed on Friday. The Indian rupee climbed about 0.7 percent and the Taiwan dollar increased roughly 0.4 percent.
The won achieved weekly gains of about 1.1 percent against the dollar after having slipped against its peer during the past two weeks, according to The Economic Times. After observing a national holiday on Thursday, South Korean markets re-opened on Friday. Markets will be closed on Monday and Tuesday of next week as well.
South Korean shares fell in value on Friday, enduring weekly losses. The U.S. is slated to release economic data about its job market on Friday, which is likely to influence the performance of shares and the won.
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