South Korean Won gains on back-to-back BoK interest rate hikes

The South Korean Won (KRW) trades higher against the US Dollar (USD) on Thursday, with USD/KRW falling 0.3% to near 1,380 during the Asian trading session. The pair revisits its 11-month low as back-to-back interest rate hikes by the Bank of Korea (BoK) have strengthened the currency.