Posts published in March 2015

Won Gains Even as Bank of Korea Cuts Base Rate

The South Korean won rallied today even though the nation’s central bank cut its Base Rate unexpectedly. The most likely reason for the rally was the weakness of the US dollar, though the won…

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Turkish Lira Gains as Erdogan Meets Basci

The Turkish lira gained today as central bank Governor Erdem Basci met President Recep Tayyip today, giving hope that criticism of the bank’s policy will be tone down. Turkish…

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