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Forex Flash: S. Korean Gov unveils 2013 economic plan - Nomura

FXstreet.com (Barcelona) - Nomura economist Young Sun Kwon notes that the South korean government has announced its 2013 economic policy plan.

He comments that it cut its 2013 GDP growth forecast from 3.0% to 2.3%, much lower than the Bank of Korea´s 2.8% forecast. Further, he adds that regarding fiscal policies, the government plans to formulate a supplementary budget in April.

Forex: EUR/GBP slides down on EMU and UK data

The EUR/GBP gave up its sideway trading ways as the London opening was nearby and the cross fell from 0.8450. Data in Europe triggered more downside, to 0.8420. There were 13K more unemployed people in Germany in March, instead of 4K less as expected. The unemployment rate remained at 6.9%. EMU money supply (YoY) eased from 3.5% to 3.1% in February, beating consensus of 3.3%. Private loans remain at -0.9%, as expected.
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Forex Flash: Politics and indicators weight on EUR/USD - OCBC Bank

Emmanuel Ng of OCBC Bank sees that apart from Italian/Cypriot tensions, the EUR/USD was also
weighed by disappointing March confidence indicators.
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