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Economy

Bank of Korea weighs FX intervention to stem won's slide

Gov. Lee hints at November hike with economy growing and inflation accelerating

The Bank of Korea held rates on Tuesday, but is considering intervention in the foreign exchange market as South Korea's won depreciates against the dollar.   © Reuters

SEOUL -- The governor of the Bank of Korea said Tuesday that the central bank is considering intervening in the foreign exchange market in a bid to stem the won's sharp slide against the U.S. dollar.

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