Won halts 2-day rally on speculation Fed may end its asset purchases

Source: Bloomberg
The South Korean Won halted its two-day rally amid speculation the Fed may opt out expanding monetary easing to prop up economic growth in the U.S, Korea's second-biggest export partner. The currency fell 0.5% to 1,083.80 per greenback at 10:38 a.m. in Seoul, with one-month volatility climbing 7 basis points to 6.82%.
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Thu, 21 Feb 2013 10:37:04 GMT

Asian stocks plunge on concern Fed may scale back stimulus

Asian shares plummeted on concern the Fed may refrain from its monetary stimulus. The MSCI Asia Pacific Index declined 1.5% to 133.21 at 3:21 p.m. in Tokyo. Japan's Nikkei 225 Stock Average lost 1.4%, South Korea's Kospi Index fell 0.5% after climbing yesterday the most since September. Australia's S&P/ASX 200 Index declined 2.3% and Hong Kong' Hang Seng Index slid

Thu, 21 Feb 2013 10:15:09 GMT

Yuan declines on concern Fed will wind down stimulus

The Chinese Yuan fell toward the lowest level in two months amid concern the U.S. will wind down its asset purchase scheme. The Yuan declined 0.09% to 6.2433 per U.S. Dollar at 10:04 in Shanghai. The currency fetched 6.2454 on February 19, the weakest level since December 14. Divergence of spot prices is accepted within 1% range from the reference

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