S.Korea won firms to 1-week high as Fed easing concerns soften

By
Daily Excelsior
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SEOUL, Aug 26: The South Korean won touched a one-week high on Monday after weak U.S. July home sales eased concerns about whether the Federal Reserve will start tapering its stimulus next month, while local exporters sold dollars for settlements.
The won was quoted at 1,112.7 against the dollar at the end of domestic trade, compared to Friday’s onshore close at  1,116.9.
The won strengthened to 1,112.1 in midday trade, its highest against the dollar since Aug. 19. (AGENCIES)

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