Won and Rupiah drops on regional expansion worries

Source: Bloomberg
Indonesia's Rupiah and South Korean Won depreciated sharply this week as statistics showed economic outlook is worsening in the region. South Korea's exports declined first time since 2010 while several Asian countries including India and Thailand were forced to cut benchmark rates to support growth. The Rupiah lost 0.4% and traded 9,035 per Dollar while South Korea's Won weakened 0.3% to 1,126.35 per Dollar. 

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