Wed, 20 Feb 2013 11:45:04 GMT
Won rises as central bank Governor says no monetary easing needed
The South Korean Won advanced for a second straight day as the nation's central bank Governor Kim Choong Soo said that the country is expected to grow 2.8%, signalling further monetary stimulus are necessary now. The Won inched up 0.3% to 1,078.40 versus the U.S. Dollar at 10:35 a.m. in Seoul, with one-month implied volatility declining 21 basis points to