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 […]
Fed to hike 25bps; the bar is high to flip the status quo for USD – TD
TD Research discusses its expectations for next week’s FOMC policy meeting. “We expect a 25bp rate hike at next week’s FOMC meeting taking the Fed funds target range to 4.50%-4.75%, and raising the IOER and RRP rates to 4.65% and 4.55%, respectively. The move would be the second consecutive downshift in hiking pace by the […]