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Forex Flash: BoK Governor Kim wary of asset bubbles - OCBC Bank

FXstreet.com (Barcelona) - OCBC Bank analysts note that BOK Governor Kim told central banks to be wary of possible asset bubbles as a consequence of sustained period of low interest rates.

He added that such policy should only be used for short term quick economic recovery only. Elsewhere, they note that former IMF official John Lipsky commented at a forum in Seoul, South Korea’s economy will face some impact from a weakening Yen.

Forex: EUR/USD keeps pushing higher, above 1.2950

The single currency is advancing firmly on Friday, hovering over the 1.2950 area as Cyprus remains in centre stage. The government spokesman informed that the upcoming hours will be...
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European markets higher ahead of Cyprus vote on “solution”

The German DAX 30 (+0.15%), the French CAC 40 (+0.05%), the Italian FTSE MIB (+0.50%) and the Spanish IBEX 35 (+0.41%) are rising ahead of the Parliamentary vote in Cyprus to reach a solu-tion for the country. “The Cypriot parliament are due to vote today on measures such as capital controls and the bank bills but as yet there does not appear to be a comprehensive plan B in place”, wrote TD Securitites analysts.
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