SEOUL (Reuters) – South Korea's central bank governor said it was difficult for the dollar-earned exchange rate to return to previously seen levels, Yonhap news agency reported on Tuesday.
It is difficult to say that the dollar has stabilized and the market is waiting to see, Bank of Korea Governor Rhee Chang-yong said in a meeting with lawmakers, according to the a report.
The gain was taken out at 1,427.8 per dollar as of 0520 GMT, compared with the previous close at 1,435.0 and a two-year low of 1,442.0 hit last week amid political turmoil.
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