Day: October 27, 2008

October 27
2008

Won Falls After Unexpected Rate Cut by BoK

The South Korean won continued its decline against the U.S. dollar after the Bank of Korea unexpectedly cut the interest rates by the record value of 75 basis points today, struggling against the worst crisis since 1998 Asian financial crash. The Bank of Korea lowered the country’s benchmark rate from 5 percent to 4.25 percent at an emergency meeting today after cutting the rate by 25 basis points on October […]

Read more
October 27
2008

Protecting Yourself from Financial Crisis with Forex

During the ongoing global financial crisis traders and investors leave behind the question «How to make money?» and start asking another question — «How to save money?». In my opinion, the current situation on the Forex market allows combining those two question into the one, because with the right strategy you can start earning on the crisis — earning enough to protect yourself from […]

Read more