Won advances to the 12-week high

Note: This section contains information in English only.
Source: Bloomberg
South Korea's currency increased 0.3% to 1,134.65 per dollar amid Angela Merkel's and Mario Monti's promise to do whatever needed to protect the Euro. On Monday, the Won reached 1,132.45, the strongest level since May 4. Three-year government bonds slipped to 105.83 and one-year interest rate swap rose to 2.91%.
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Mon, 30 Jul 2012 08:34:48 GMT

Euro slides on potential jobless data

The Euro fell back versus its major counterparts before today's report that could increase concerns over the Eurozone's crisis influencing consumer sentiment. On Monday, the Euro tumbled 0.2% to $1.2294, cutting last weeks 1.4% climb. The European Commission report will most likely prove the household sentiment index slipping close to a three-year low of -21.6 and unemployment rate rising to

Mon, 30 Jul 2012 09:36:35 GMT

U.K. might face a triple-dip recession

George Osborne, Chancellor of the Exchequer, was called for the U.K.'s austerity strategy reconsideration by businesses and political opponenents, as economists predict possible "triple-dip" recession, stating that deepening Euro bloc's debt crisis and probable Greek exit from Eurozone might push the U.K. into recession again next year. 

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