Korea's Pension Fund Stops Selling Dollars After Won Rebound
South Korea's National Pension Service has ended a five-month strategy of selling dollars in a bid to support the won, according to people familiar with the matter.
The halt came after the won appreciated sharply in recent weeks to its strongest against the dollar since October, triggering an internal formula to stop sales of the greenback, said the people, who asked not to be named because they weren't authorized to speak publicly on the transactions.
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