South Korea's central bank denies dollar sale plan

The Bank of Korea denied on Wednesday 23 February that it planned to offload its US dollar assets after media speculation it was about to do so sent the US currency falling.

The US dollar hit a one-month low against the euro on Tuesday on speculation that South Korea, which has the world's fourth largest US dollar reserves, planned to reduce its holdings of the US currency.

"The Bank of Korea is preparing to report to parliament Thursday it plans to diversify its investments," the Bank of Korea

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