South Korean Won reaches a 15 month high on Fed decision

Note: This section contains information in English only.
Source: Bloomberg
The Won, South Korea's domestic currency, increased for a fifth day, as the price increased by 0.2% to 1,073.03 against the Dollar in Seoul trading session on Thursday. The Won experiences the longest streak of gains since October, as the U.S. governors fail to reach a deal on the budget and Fed announced an expansion of the monetary easing program yesterday. However, there is speculation that the government will not allow to appreciate the Won beyond the 1,070 versus Dollar level.
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Thu, 13 Dec 2012 12:12:12 GMT

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