Won erases two-day gain on Fed policy risk

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Source: Bloomberg
The South Korean Won depreciated 0.1% to 1,111.75 per U.S. Dollar in the morning of Seoul trading session on Wednesday. The currency snapped last two-day gains, as the Bank of Korea Governor said that emerging markets, including Korea, are fuelled by the U.S. monetary stimulus and the possibility of ending it may dim their optimistic prospects of expansion.
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Wed, 22 May 2013 07:29:06 GMT

Japan's trade balance is forecast to show deficit of 621.1 billion yen

Japan's trade balance is expected to show a deficit for the tenth successive month in April despite higher exports recording a second straight climb, a survey published by Reuters showed on Wednesday. According to the survey, exports are forecast to grow by 5.9% from a year earlier following a 1.1% gain in March, which would bring Japan's trade deficit to

Wed, 22 May 2013 06:47:03 GMT

BoJ will not change the policy despite rising yields

The Bank of Japan affirmed its decision to double the money supply by expanding it $683 billion a year in an attempt to increase inflation in the country. The decision came despite rising government bond yields, which might undermine the central bank's efforts to revive the economy. However, surging stock market and the depreciating Yen, which has lost 16% of

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