Fri, 13 Mar 2015 13:25:06 GMT
Won leads weekly drop in Asian currencies amid Fed rates outlook
Asian currencies depreciated about for a second week, led by the Indonesia's Rupiah and South Korea's Won, on speculation the Fed is likely to increase its interest rates in late June. The Won fell 2.7% this week, setting the biggest drop since 2011, along with the Rupiah that slumped 1.7%, touching to its seven-month low.