OctaFX | OctaFX Forex Broker
Open trading account

Forex Flash: South Korean Industrial Production plummeted more than expected - BBH

FXstreet.com (Barcelona) - Brown Brothers Harriman analysts note that South Korea's industrial production plummeted 2.6% in March, roughly three times larger of a decline than the market had expected.

They add that this follows a revised -0.9% decline in Feb (from -0.8%) and plays on fears of the consequences of a weak yen. Yesterday the director general of the central bank warned that the impact of the weak yen will have greater impact here in Q2 than in Q1 (which saw the South Korean economy expand by 0.9%). They finish by noting that the government appears to be trying to preempt some of the negative impact with fiscal stimulus announced earlier this month. Additional measures to encourage investment and support for small exporters are expected in early May.

Forex: GBP/USD rises to 11-week high

The Cable extended gains, breaking above yesterday's highs (1.5545) and rallying to an 11-week peak as the US dollar weakened broadly after a soft Chicago PMI reading.
Read more Previous

Forex Flash: AUD buying via currency selection-type toshins resumed - Nomura

Nomura strategist Yujiro Goto notes that Japanese investors were net buyers of foreign currencies via currency selection type toshins last week for the second week in a row.
Read more Next
Start livechat