Won halts 2-day rally on speculation Fed may end its asset purchases

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Source: Bloomberg
The South Korean Won halted its two-day rally amid speculation the Fed may opt out expanding monetary easing to prop up economic growth in the U.S, Korea's second-biggest export partner. The currency fell 0.5% to 1,083.80 per greenback at 10:38 a.m. in Seoul, with one-month volatility climbing 7 basis points to 6.82%.
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Thu, 21 Feb 2013 10:37:04 GMT

Asian stocks plunge on concern Fed may scale back stimulus

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