Won strengthens on U.S. budget deal optimism

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AP
The South Korean Won strengthened, while government bonds declined on increasing speculation the U.S. economy will prevent the fiscal cliff. The Won gained 0.1% to 1,084.80 per greenback at 10:05 a.m. in Seoul, after losing 0.2% yesterday. One-month volatility fell 8 basis points, or 0.08 percentage point, to 5.25%. 
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