South Korean Won weakens on anxiety European crisis will hit Asian economies - News - Dukascopy Bank

Mon, 02 Jan 2012 07:46:10 GMT
Source: Bloomberg
 
© Scanpix/AFP

South Korean domestic currency Won depreciated as investors remained worried about European debt turmoil impact on Asia's growth. The Won lost 0.2% against greenback reaching 1,154.45 Won per one US Dollar. On yearly basis South Korean currency has dropped 2.2%. Experts predict further depreciation for the Won. Domestic inflation reached 4.2% in December while yields on sovereign bonds due 2016 climbed two basis points.


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