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Day: February 29, 2008
February 292008
South Korean Won Corrects against USD
South Korean won was among the other Forex traded currencies that triumphed over the U.S. dollar during this week as the USD was losing its ground on many areas. But today USD/KRW corrected from its almost two-month bottom. The current account deficit in South Korea is seen as one of the most important monetary problems recently and while the dollar is losing […]
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February 292008
Dollar a Bit Stronger at the Week’s End
The U. S. managed to fall to another record low value today at 1.5238 per euro but recovered from a daily loss and even gained somewhat against the European currency. Personal income statistics was a little better than expected today and Michigan consumer confidence index was also revised towards the improvement. Personal income in January rose by 0.3% better than the expected 0.2%, but […]
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