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’The new strongmen of Asia’s looming currency wars
Some intriguing movements are afoot on the currency front in Asia, where the Taiwanese dollar, the Indonesian rupiah and the Korean won have lately been the region’s strongest performers.
It’s all part of a steady intensification of regional inflation jitters — and a looming cycle of back-to-back interest rate increases and possibly,
Korea: To raise rates right now ‘takes guts’
After all those lectures about stimulus measures and well-meant (for the most part) advice from western central bankers about exit strategies, Asia appears to be leading the way in removing monetary stimulus.
Seoul unleashes its ‘magic won-booster’
South Korea on Monday deployed what it could call its ‘magic won-booster’, following its weekend announcement of measures to curb forward currency trading and control currency volatility.
The steps,
South Korea in a won-win situation
From gloom and doom just eight months ago to figures showing the strongest quarterly economic growth in seven years on Tuesday, South Korea is on a roll.
Indeed, the country sums up the much over-used term,
Seoul unveils $130bn bank aid package
South Korea on Sunday announced a $130bn rescue package for its banks and companies suffering from a foreign currency liquidity crunch. The Seoul government will offer guarantees for three years when South Korean banks or their overseas branches take up external debt from Monday to June 30 2009.