Posts published in May 2014

Won Drops as Government Concerned About Speculative Bets

The South Korean won dropped today as the nation’s government warned against speculative bets on the currency. Officials were worried that the herd behavior of traders results in sharp moves and unwarranted volatility of the exchange…

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Indian Rupee Strong Ahead of Exit Polls

The Indian rupee advanced today on speculations that the elections will result in a victory of the main opposition party, which may initiate much needed reforms to bolster the struggling nation’s economy. The elections that…

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