Monday, 29 August 2011

Market Sentiment Improves, South Korean Won Gains



The South Korean won gained nowadays because the comments of the Federal Reserve, Ben S. Bernanke, on Friday increased risk appetite among participants within the Forex market, enhancing the charm of higher-yielding currencies. 


Bernanke created comments on 26th August on the flexibility of U.S. to support the expansion of its economy within the long haul. The markets reacted absolutely and traders began their hunt for higher yields. South Korea's trade surplus widened to $9.94 billion in July from $2.03 billion in June.




USD/KRW fell from 1,080.10 to 1,073.50 today as of 13:46 GMT.

2 comments:

  1. eToro is the best forex broker for newbie and pro traders.

    ReplyDelete
  2. Forex Trendy is an innovative software capable of determining the most reliable continuation chart patterns. It scans through all the forex pairs, on all time frames and analyzes every potential breakout.

    ReplyDelete