South Korea to step up FX market monitoring

South Korea to step up FX market monitoring

SEOUL, Aug 23 (Reuters) - South Korea's finance minister Choo Kyung-ho said on Tuesday authorities will work closely to step up monitoring of offshore speculative trading in the currency market.

"It is concerning that market sentiment may be skewed to one direction as the dollar-won rate faces overall external conditions of upward pressure," Choo said during an urgently scheduled policy meeting with officials and market participants to discuss the won's recent decline.

The South Korean won KRW=KFTC fell for a sixth straight session on the day, hitting its weakest level since April 29, 2009 at 1,346.6 per dollar.


Reporting by Jihoon Lee, editing by Ed Osmond