Korea's daily FX turnover jumps 14.1% in Q1 on U.S. dollar trade

Foreign and local banks in South Korea saw their daily foreign exchange transactions surge in the first quarter by 14-point-1 percent. According to the Bank of Korea, the daily F-X turnover averaged 57-point-1 billion U.S. dollars in Q1... compared to the previous quarter's 50-point-Oh-3 billion.Spot exchange trading volume rose to just under 22-point-8 billion dollars, up 16-point-1 percent.By currency, the dollar led the increase... with a 17-point-8 percent spike.The volume fell for the Chinese yuan... by 11-point-7 percent.