Mlava

During October’s maelstrom of volatility in stock and online forex trading, Asian authorities spent billions of dollars to prop up their currencies, but now policy makers are beginning to favor some currency depreciation in order to remain competitive in the global market. The International Monetary Fund has forecast that in 2009, the economies of the [...]

Following Japan’s lead, South Korea, whose failing currency has been the subject of much forex news in the past few months, has announced a stimulus package equaling 14 trillion won, or about $11 billion. As South Korea, like so many countries around the world, becomes further entrenched in the global credit crisis, the economic outlook [...]