Won rises modestly before Fed's meeting outcome

The South Korean Won recorded a modest rise on Wednesday closing 0.6% from the strongest level in two years as investors awaited the outcome of the Federal Reserve two-day policy meeting suggesting continued stimulus. The Won traded at 1,060.30 per U.S. Dollar at close in Seoul following a gain to the strongest level since August 2011 at 1,054.35 on October 24.