Won set for the biggest weekly gain on Fed asset purchases

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Source: Bloomberg
© Scanpix/AP
The South Korea's Won was set for the biggest weekly advance in 3 months on speculation investors will prefer the country's assets as the Fed extends its asset purchases, thus increasing supply of greenback.  The Won rose 0.8% this week to 1,073.45 per U.S. Dollar, the most since September 14. One-month implied volatility increased 3 basis points, or 0.03%, to 4.63% this week and rose 8 basis points today. 
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