Korean won extends gain amid lingering caution over authorities’ FX action

The Korean won extended its gains in Friday trading, as markets remained cautious over possible action by forex authorities after their hard-line verbal intervention boosted the currency in the previous session. The won was quoted at 1,436.68 per dollar as of 2 p.m., gaining 13.2 won from the previous session’s daytime close. During the morning session, the won touched 1,429.5 per dollar at around 11:35 a.m. It marked the first time that the won’s value per dollar strengthened to the 1,420-won r