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South Korea keeps base rate unchanged at 2%

By Sean Lee  || March 11, 2010 at 01:13 GMT
Category: All, Asia, Economy || Tags: || 3 comments || Add comment
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Indian economic growth slowed to 6% in Q4

Not much attention was paid to the Indian economy in years past but that is all changing as the big emerging markets take on more importance. GDP was +6% in Q4 down from +7.9% in Q3.

Have a great weekend.

By Sean Lee  || February 26, 2010 at 05:50 GMT
Category: All, Asia || Tags: || 1 comment || Add comment
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Turkish Lira slumps on political turmoil

There’s a lot of bad news creeping into the marketplace and aiding the risk aversion mood. Political turmoil in Turkey has seen the TRL  slump this week.

By Sean Lee  || February 25, 2010 at 03:58 GMT
Category: All, Asia || Tags: || 1 comment || Add comment
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One more risk event to keep note of

The Turkish president will meet with military leaders tomorrow morning amid allegations a coup plot is afoot.

A contentious outcome could raise risk aversion…

By Jamie Coleman  || February 24, 2010 at 19:11 GMT
Category: All, Americas, Geopolitics, Regions || Tags: || 2 comments || Add comment
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South Korea leaves rates unchanged at 2%

In their comments they refer to the ongoing uncertainties in the EU and also regarding economic growth. Steady as she goes for the moment.

By Sean Lee  || February 11, 2010 at 01:27 GMT
Category: All, Asia, Central Banks || Tags: || 1 comment || Add comment
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Your dong ain’t what it used to be…

Vietnam has devalued the dong 3.36% to 18,544 per dollar.

What did you think I was talking about?

By Jamie Coleman  || February 10, 2010 at 14:27 GMT
Category: All, Americas, Mkt Talk, Regions || Tags: || 2 comments || Add comment
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Auto sales slide in Brazil

Hey, I thought the BRICs were white hot and set to leap-frog the US and become world powers by Wednesday. If so, why did Brazilian car sales fall 27% in January?

Maybe trees really don’t grow to the sky after all…

By Jamie Coleman  || February 1, 2010 at 16:43 GMT
Category: All, Americas, Mkt Talk, Regions || Tags: || 0 comments || Add comment
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Goldman recommends Brazilian real longs

The real has been easing in recent sessions as a result of the wave of risk aversion spawned by China’s liquidity tightening and signs that the recoveries  of the developed economies are beginning to cool.

Goldman Sachs recommends taking advantage of BRL weakness to build long positions.

USD/BRL trades at 1.8800 at the moment, compared to 1.7150 early in January.

By Jamie Coleman  || February 1, 2010 at 14:41 GMT
Category: All, Americas, Mkt Talk, Regions || Tags: || 0 comments || Add comment
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South Korean CPI +3.1% YoY

The figure is slightly lower than forecast but still the highest monthly increase in 9 months.

By Sean Lee  || February 1, 2010 at 04:32 GMT
Category: All, Asia, Economy || Tags: || 0 comments || Add comment
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South Korea Manufacturing PMI 55.6

This is the highest reading in over 2 years and is another indicator of the continued strength of the South Korean economy.

By Sean Lee  || February 1, 2010 at 00:01 GMT
Category: All, Asia, Economy || Tags: || 1 comment || Add comment
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