S. Korea's forex trading grows in Q2

Alsharq Tribune-AFP 

South Korea's foreign exchange trading grew in the second quarter due to strong demand for the U.S. currency and foreign currency derivatives, central bank data showed Wednesday.

The daily average transaction of foreign currencies and derivatives in the domestic inter-bank market stood at 40.50 billion U.S. dollars in the April-June quarter, up 5.50 billion dollars from three months earlier, according to the Bank of Korea (BOK).

The growth was affected by higher demand for the U.S. currency, of which the daily average trading expanded 3.72 billion dollars in the cited quarter.