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S.Korea fx authorities seen buying dollars to curb won’s strength – traders

More dollars to be diversified into euros at some juncture, I guess. Unless ofcourse the South Koreans are giving up on the poor old euro, like so many others.

By Gerry Davies  || March 5, 2010 at 06:26 GMT
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S.Korea fx authorities seen buying dlrs to check won’s strength – traders

Some of those dollars likely to be diversified into euros at some juncture.  Funnily enough had reports yesterday of Korea selling EUR/USD up around current 1.3660/65 level during the European morning.

By Gerry Davies  || March 4, 2010 at 06:49 GMT
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S.Korea FinMin official: Worried fx market leaning excessively one way

  • South Korea closely watching won, to take appropriate measures if necessary.
By Gerry Davies  || January 11, 2010 at 08:04 GMT
Category: All, Budget/Politics, Europe, Regions || Tags: || 2 comments || Add comment
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SKorea fx authorities buying dollars to curb won’s strength – traders

Some of the dollars will very likely see themselves transferred into euros at some juncture

By Gerry Davies  || January 11, 2010 at 06:51 GMT
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South Korean FX authorities spotted buying USD

South Korean FX authorities have been spotted buying USDKRW. USDKRW has moved up from a low of 1138 to 1143.

By Sam Diakou  || January 6, 2010 at 00:25 GMT
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S.Korea fx authorities bought estimated $2 bln plus to stem won’s strength Tuesday- Traders

Chunky.

By Gerry Davies  || January 5, 2010 at 07:51 GMT
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USDKRW slides thru support

The USDKRW has been sold off thru critical support at 1148 and trading to a 15 month low of 1142.80, reinforcing views of an interest rate rise. Foreign exchange authorities were seen buying USD to stem the fall around the 1146 area. The USDKRW selling has also spilt over in USDJPY, which has remained under pressure post fix.

By Sam Diakou  || January 5, 2010 at 01:36 GMT
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S.Korea November Current Account $+1.17 Bln

South Korea’s current account surplus fell to $1.17 Bln s/adj in November from a revised $3.25 Bln in October. Before seasonal adjustments it came in at $4.28 Bln in Novemebr compared with a revised $4.76 Bln in October. It was the 10th consecutive month of surplus.

By Sam Diakou  || December 29, 2009 at 04:19 GMT
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Korean banks may fund more takeovers in 2010

Morgan Stanley says that S.Korean banks may be involved in more acquitions as the economy exits the glogal crisis.

By Sam Diakou  || December 23, 2009 at 03:39 GMT
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North and South Korea have naval skirmish in Yellow sea

It has been reported that North and South Korea have had a naval skirmish in the Yellow Sea, in waters off their west coast. No casualties reported at this time.

EURJPY has seen a knee jerk reaction to the news a little lower but the Kospi is steady, trading up 0.7%.

By Sam Diakou  || November 10, 2009 at 04:00 GMT
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