Foreign currency deposits rise to fresh record high in Sept.

What happened: Foreign currency deposits held by residents in South Korea rose to a record high in September, driven by a sharp increase in dollar savings, Bank of Korea data showed. Key numbers: Deposits stood at $154.7 billion at end-September, up $14 billion from a month earlier, the highest since data began in June 2012. Dollar deposits rose $12.99 billion to $132.9 billion. Why it matters: The BOK attributed the rise to increased dollar receipts by exporting companies and funds held by local brokerages for investments in foreign bonds. The reading has increased every month since April.

Foreign currency deposits held by residents in South Korea rose to a record high in September, driven by a sharp increase in dollar savings, Bank of Korea data showed.

The BOK attributed the rise to increased dollar receipts by exporting companies and funds held by local brokerages for investments in foreign bonds. The reading has increased every month since April.