South Korean currency leads Asia in gains against U.S. dollar

09/10/2013 | Yonhap News Agency (South Korea)

South Korea's won has outpaced other Asian currencies with gains against the U.S. dollar since the first indications that the U.S. Federal Reserve was contemplating a scale-back in its bond-buying program. The won has risen 2.45% against the dollar since May even as other regional currencies have declined. Analysts say the won's strength may prove a handicap for Korean exports and the nation's trade-dependent economy.

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Yonhap News Agency (South Korea)

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