S Korea's currency won hits 9-year high against Japanese yen
16:26' 17/11/2006 (GMT+7)

South Korea's currency won reached 792.5 against 100 Japanese yen on Friday, which is the highest since Nov. 14, 1997 when it traded at 784.3 won against 100 yen.

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Currency dealers said the yen's sharp fall is mainly due to the Bank of Japan's moves to keep interest rates low as well as the prediction of a slower-than-expected recovery of the Japanese economy.

Meanwhile, the exchange rate between won and U.S. dollar ended at 938.9 won to one U.S. dollar on Friday, down 1.4 won from Thursday's close.

VietNamNet/Xinhuanet

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