Won erases two-day gain on Fed policy risk

Source: Bloomberg
© Scanpix/Reuters
The South Korean Won depreciated 0.1% to 1,111.75 per U.S. Dollar in the morning of Seoul trading session on Wednesday. The currency snapped last two-day gains, as the Bank of Korea Governor said that emerging markets, including Korea, are fuelled by the U.S. monetary stimulus and the possibility of ending it may dim their optimistic prospects of expansion.
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