Won falls to 2-week low as Fed may scale back soon

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Source: Bloomberg
South Korean Won declined on Wednesday trading session touching the weakest level in two weeks after an outlook for the U.S. economy showed that the country is improving suggesting that the U.S. Fed may scale back further reducing demand for emerging-market assets. The Won dropped 0.2% to 1,067.37 a U.S. Dollar in Seoul following a fall to 1,070.40, the least since January 7.

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Wed, 22 Jan 2014 10:27:04 GMT

Yen falls as BoJ keeps stimulus unchanged

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