South Korea won the fall after the decision to reduce the Bok rate

Seoul (DPA-AFX)-Southern Corea won the US dollar in the Asian session on Tuesday, after the Bank of Korea has reduced its reference rate by a quarter, because the internal political and commercial policies have weighed in internal demand and economic growth.

The Monetary Policy Council, governed by Rhee Chang Yong, decided to lower the base rate by 25 basic points to 2.75 percent.

The decision corresponded to expectations. This was the third discount in the last four meetings.

The central bank said that the internal political situation, the effects of the past rate on inflation, economic growth and financial stability will determine the calendar and the rhythm of any additional installments.

Compared to the US dollar, the profit fell to 1433.54 from an early maximum of 1428.13. At the closure of yesterday, the profit was traded at 1429.65 against Greenback.

If the profit extends its decrease, it is likely to find support around the 1500.00 region.

Looking in the future, Canada Manufacturing Sales for January, US Redbook report, US price index for December, US consumers’ confidence for February and Richmond manufacturing index for February are provided for release.