South Korea's currency touches a 14-month high

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Source: Bloomberg
© Scanpix/RS

South Korea's Won was 0.5% higher to 1,085.55 per Dollar in Seoul trading session on Wednesday. The Won reached a 14-month high, as the U.S. presidential election results were announced and Barack Obama secured the Presidential position.  However, such high exchange rate of the Won threatens to hurt South Korea's export as the domestic economy started to show recovery signs.

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