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FX intervention likely to be ineffective against strong dollar: experts
SEOUL, Aug. 14 (Yonhap) -- With the U.S. dollar making a global rally, any intervention by foreign exchange authorities to prop up the local currency will likely be ineffective, analysts said Thursday.
The local currency closed at 1,039.80 won against the greenback, down 0.4 won from Wednesday's close. The currency dropped 23.9 won versus the dollar in the past six sessions.
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