Korean IP Continues Helps Bank of Korea
South Korean industrial production rose less than expected in October, damping concerns that growth is fueling inflation and suggesting the Bank of Korea may remain on hold next week. Output increased 13.5% in October from a year earlier, compared with forecasts for a 15.1% gain. From a month earlier, production fell 4.2%, the third straight [...]
Euro dips despite positive economic data
The Euro has been weak today, despite a strong upward movement during the Asian session. During the Asian session, the Euro moved upward, limiting its’ gains to 1.4555 versus the US Dollar. Yesterday, the pair pushed higher yet again, hitting the 3 week high of 1.4580. Later, during the European session opening, the Euro fell [...]
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