Archive for December, 2009
Korean Won Headed Up, Despite Unwinding of Carry Trade – 1511th Edition
The Korean Won is up 32% since March, and 8.2% on the year. At the same time, it is 20% below is 2007 year-end level, as well as 13% weaker than the 2006 average of 955 and 15.5% weaker than the 2007 average.
Focusing only on the Won’s appreciation would probably cause some technical analysts to [...]
