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Korea's export-import prices rose in January on higher oil prices

2018-02-13 5 Dailymotion

South Korea's export-import prices for January inched up from the previous month... mainly due to a rebound in import prices,... which rose for the first time in three months on rising international oil prices.<br /> The Bank of Korea says the export-import price index rose zero-point-seven percent from the previous month to nearly 83.<br />Export prices dropped for the third straight month mainly due to the appreciation of the Korean currency against the U.S. dollar.<br /> Import prices rose less than a percent... as the average price of Korea's benchmark, the Dubai crude, rose seven-and-a-half percent from the previous month to over 66 U.S. dollars<br />The Korean currency traded at one-thousand-66 won against the greenback... a near two-percent drop from the previous month. <br />

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