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Forex Flash: BoK are the surprise doves - BBH

FXstreet.com (Barcelona) - Brown Brothers Harriman analysts note that the Bank of Korea delivered a dovish surprise Thursday, cutting rates for the first time since October 2012.

They see that the 25 bp cut takes the policy rate down to 2.5% and Governor Kim said that BOK considered rate cuts by the ECB and RBA in making its decision. They add that in this case, the won weakened after the decision as officials continue to fret about the strong currency. Further, the important JPY/KRW cross moved below 11 this week, while USD/KRW broke convincingly below 1100. They write, “We expect strong measures to combat won gains in the coming weeks, which we believe includes further rate cuts in 2013.”

Forex Flash: G7 meeting in focus as Currency War talk hots up again - BTMU

Derek Halpenny, European Head of Global Markets Research at the Bank of Tokyo Mitsubishi UFJ notes that the the G-7 finance ministers and central bank governors meeting will take place in London today and will certainly be the focus on a relatively light day for data from Europe.
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Forex: EUR/NOK dips to lows

The Norwegian krone lost 5 big figures soon after the release of the consumer prices in the Nordic economy during April, rising 0.6% on a monthly basis and 1.9% over the last twelve months, higher....
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