Monday 9 June 2014

South Korea’s won rose to the strongest level in almost six years

1) The yen dropped against higher-yielding counterparts after Japan had a smaller current-account surplus than economists predicted and record-low foreign-exchange volatility curbed demand for haven assets.

2) South Korea’s won rose to the strongest level in almost six years as stimulus by the European Central Bank and better-than-expected U.S employment data supported demand for riskier assets.

3) Argentina’s efforts to stabilize the peso are being undercut by the 100,000 soccer fans Brazil is expecting to travel across the border to see the national team led by Lionel Messi try to win a third World Cup title.


http://en.wikipedia.org/wiki/South_Korean_won

Debt Market Key Headlines

1) India will likely raise the foreign investment limit in government debt soon, as almost all the allocation has already been taken up as overseas buyers pile into the country's financial markets, said four officials with direct knowledge of the government's thinking. The current cap is 995.46 billion rupees ($16.86 billion).

2) Foreign investors have poured in a staggering Rs. 19,772 crore ($3.35 billion) into the Indian debt market in May - the highest monthly inflow in about two and a half years.

Read detail analysis report here: - http://www.rrfinance.com/Reserch/ResearchHome.aspx

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