South Korea FX steps to boost global status, business for firms
© Reuters. FILE PHOTO: A South Korea won note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/Illustration By Choonsik Yoo and Yena Park SEOUL (Reuters) – South Korea’s plans to loosen restrictions in its currency market will raise the won’s global status and, as a result, boost business opportunities for local financial […]
South Korea, Australia central banks renew currency swap agreement By Reuters
2/2 © Reuters. FILE PHOTO: The logo of the Bank of Korea is seen on the top of its building in Seoul, South Korea, March 8, 2016. Picture taken on March 8, 2016. REUTERS/Kim Hong-Ji/File Photo 2/2 SEOUL (Reuters) – South Korea’s central bank said it renewed on Monday a currency swap agreement with its […]
Room for the South African Rand to play catch up with ongoing rally in EM FX – MUFG
Analysts at MUFG Bank see the USD/ZAR moving to the downside over the next days. They point out the South African Rand has failed to strengthen alongside other Emerging Market currencies on the back of building optimism over a dovish Federal Reserve policy pivot and China’s economy reopening more fully this year. Key quotes: “The […]
A South American currency union? Don’t hold your breath By Reuters
© Reuters. Brazil’s President Luiz Inacio Lula da Silva sits with Argentina’s President Alberto Fernandez and Brazil’s Finance Minister Fernando Haddad, as they attend a meeting with Brazilian and Argentine business representatives, at the Casa Rosada presidential p By Rodrigo Campos NEW YORK (Reuters) – South America is not likely to have a common currency […]