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USDKRW Declines On Positive Employment Report
30The South Korean won gained by 0.05% during the session following a relatively bullish employment rate release. According to Statistics Korea, the national unemployment rate fell to 3.1% in October,
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USDKRW Jumps On Consumer Price Drop
30Surprising markets, Statistics Korea announced consumer prices that rose less than expected in the month of October. Against prices that gained by 4.3% in September, October inflation rose by 3.9%
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USDKRW Declines On Positive Data
30The USDKRW currency pair declined by 0.7% to trade lower on relatively mixed economic data in the Asian session. Falling from resistance at 1,132.44, the USDKRW exchange is currently trading
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USDKRW Near Term Depends On GDP Report
30This week’s tentatively scheduled release of South Korean quarterly growth has far more implications for the future of the currency pair than most think. Although it is a GDP report
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Bank of Korea To Raise Rates? Not Likely.
30Following last night’s employment news, the South Korean won strengthened by about 1.2% against the US dollar on speculation that the Bank of Korea may be poised to increase interest
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USDKRW Rises On Lower Inflation
30The USDKRW currency pair continued higher, rising above resistance at 1,188.50 during the Asian session as consumer prices moderated in the Asian economy. According to Statistics Korea today, consumer inflation
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Could Bank of Korea Decision Support USDJPY?
30According to second quarter reports released on September 6th, South Korea’s economy rose by a better than expected 0.9%. The advance beats out estimates of a 0.8% advance by the
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Is USDJPY Set For A Temporary Bounce?
30On September 1st, Brazilian central bankers cut the benchmark Selic rate by 50 basis points, lowering the rate to 12%. A surprise to the markets, the decision comes as policymakers
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Korean Won Advances to Two Week High
30Following relatively positive economic releases, the South Korean won advanced against the US dollar. Previously trading at 1073.69, the USDKRW exchange rate fell to trade at 1072.45 in Asian trading.
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What’s Happening With Currencies – August 11th
30Major currencies are higher on the day as the dollar falls on a US stock market rebound. Commodities are also faring better – with the lone exception of the gold.
