Korean won rises to strongest in nearly 6 yearsUpdated: 2014-07-02 13:11:29 KST
The Korean won has soared to its highest level against the U.S. dollar in nearly six years this Wednesday, with the currency rising to over 1,10-won in intra-day trading.
The local currency was trading at 1,9.7 won against the greenback as of 1:30 PM, Korea Time.
It is the first time it's breached the 1,10 level since July 2008.
Analysts attribute the won's appreciation to an all-time high on the New York Stock Exchange overnight, which was in turn buoyed by economic data out of the U.S. and China showing expansion in the manufacturing sectors of both countries in June.