Won rises, reserves at record high

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Source: Bloomberg
South Korea's Won appreciated for the second day in a row after the exporters repatriated their overseas income and foreign-exchange reserves grew to a record. The exports jumped 5.7% in July as compared to the year before and the foreign-exchange reserves now amount to $368 billion. The Won climbed 0.2% to 1,031.75 per dollar and it is being backed up by the U.S. Dollar sales by exporters.
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Tue, 05 Aug 2014 09:09:27 GMT

Italian Services PMI keeps rising

Driven by additional rises in new work within companies, the Italian business activity kept on rising in July. Although it had a solid increase to 52.8, it still represents a slight downfall from 53.9 in June, its highest level in forty three months. A minor drop to 53.2 had been forecast, so the data released represents an outstanding rise nevertheless.

Tue, 05 Aug 2014 08:47:10 GMT

New Zealand Dollar steady against its US counterpart

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