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Forex Flash: South Korea may hold rates - OCBC Bank

FXstreet.com (Barcelona) - OCBC Bank Treasury analysts note that BoK Governor Kim indicated that the central bank may keep its interest rate steady for now.

They add that the central bank´s view on recovery pattern for the economy has not changed. Further, they note the BoK signaled that it will not implement changes to its monetary policy, just as a response to the BoJ.

Forex Flash: Cyprus bailout amplified, 128% of GDP – Deutsche Bank

Ahead of the Eurogroup meeting, Eurogroup President Dijsselbloem confirmed that the troika are discussing a possible extension to the Irish and Portuguese bailout programs. Confirming what Reuters reported on Tuesday, Dijsselbloem said the troika made a proposal for a seven-year extension, which he hopes will be finalized at Friday's Eurogroup meeting.
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Forex: GBP/USD dips to 1.5360/65

The sterling is rapidly depreciating against the greenback on Friday, falling from overnight highs in the vicinity of 1.5410 to the current region of 1.5360/65....
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