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Korea won
- Thread starter arafiee
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arafiee
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Korea Won
Korean won forecasted to rise fast against the US dollar
Posted on August 2, 2011, Tuesday
SEOUL: The South Korean currency is expected to rise above the 1,000 won level against the US dollar within this year amid the greenback’s weakness stemming from the US government debt crisis, market watchers said.
The won currency’s expected appreciation is feared to erode exporters’ profitability and put a damper on South Korea’s exports by making them more expensive in overseas markets
, reported Yonhap news agency.
South Korea, Asia’s fourth-largest economy, relied on exports for more than 50 per cent of its economic growth.
Analysts said there was a possibility that the Korean currency would appreciate above the 1,000 won mark within this year as US politicians remained split over a debt-limit hike with the Aug 2 deadline looming.
“The local currency could gain to the 1,000 won level against the greenback by the end of the year,” said Huh In, an international finance analyst at the state-run Korea Institute for International Economic Policy (KIEP).
“There is even a possibility that the Korean currency will likely rise even higher.” The local currency closed at 1,054.5 won to the greenback, down 2.8 won from Thursday’s close, as investors shunned risky assets.
However, the South Korean won has appreciated about eight per cent to the dollar since January.
Hyundai Research Institute, a private economic think tank, offered a similar outlook.
“The local currency is expected to climb to the 1,020 to 1,030 won range to the greenback in the second half,” said Lim Hee-jeong, a researcher at the institute.
“But we can’t rule out the possibility that it could rise above the 1,000 won level.” Nomura Securities Co predicted the Korean currency to appreciate to the 1,020 won mark to the dollar in the fourth quarter of this year before rising as high as an average of 960 won next year.
With the Korean currency widely expected to gain strength against the dollar, foreign investors were snapping up South Korean government and corporate bonds, a brokerage house said.
As of Thursday, foreign holdings of listed and unlisted bonds had reached a record 86.6 trillion won (US$82.2 billion), with overseas investors buying more than three trillion won worth of debts over the past month alone, according to Daewoo Securities Co. — Bernama
(http://www.theborneopost.com/2011/08/02/korean-won-forecasted-to-rise-fast-against-the-us-dollar/)
_______________________________________________________________________________________
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Korean won forecasted to rise fast against the US dollar
Posted on August 2, 2011, Tuesday
SEOUL: The South Korean currency is expected to rise above the 1,000 won level against the US dollar within this year amid the greenback’s weakness stemming from the US government debt crisis
, market watchers said.The won currency’s expected appreciation is feared to erode exporters’ profitability and put a damper on South Korea’s exports by making them more expensive in overseas markets
, reported Yonhap news agency.South Korea, Asia’s fourth-largest economy, relied on exports for more than 50 per cent of its economic growth.
Analysts said there was a possibility that the Korean currency would appreciate above the 1,000 won mark within this year
as US politicians remained split over a debt-limit hike with the Aug 2 deadline looming.“The local currency could gain to the 1,000 won level against the greenback by the end of the year
,” said Huh In, an international finance analyst at the state-run Korea Institute for International Economic Policy (KIEP).“There is even a possibility that the Korean currency will likely rise even higher.”
The local currency closed at 1,054.5 won to the greenback, down 2.8 won from Thursday’s close, as investors shunned risky assets.However, the South Korean won has appreciated about eight per cent to the dollar since January.
Hyundai Research Institute, a private economic think tank, offered a similar outlook.
“The local currency is expected to climb to the 1,020 to 1,030 won range to the greenback in the second half,” said Lim Hee-jeong, a researcher at the institute.
“But we can’t rule out the possibility that it could rise above the 1,000 won level.”
Nomura Securities Co predicted the Korean currency to appreciate to the 1,020 won mark to the dollar in the fourth quarter of this year before rising as high as an average of 960 won next year.With the Korean currency widely expected to gain strength against the dollar, foreign investors were snapping up South Korean government and corporate bonds, a brokerage house said.
As of Thursday, foreign holdings of listed and unlisted bonds had reached a record 86.6 trillion won (US$82.2 billion), with overseas investors buying more than three trillion won worth of debts over the past month alone, according to Daewoo Securities Co. — Bernama
(http://www.theborneopost.com/2011/08/02/korean-won-forecasted-to-rise-fast-against-the-us-dollar/)
_______________________________________________________________________________________
Miliki Koleksi Dinar Iraq sekarang !!!!!http://carigold.com/portal/forums/showthread.php?t=211316
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Hubungi ; 010 - 542 3597 (arafiee)
arafiee
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Akaun Bank - HSBC
mungkin kat sini boleh kot .....
Why HSBC CombiNations Account?
Allows you to make deposits, withdrawals through your ringgit account or withdraw through demand drafts and telegraphic transfers in foreign currencies.
Attractive interest rates for both Savings and Time Deposits at the Bank's prevailing rate.
For Savings accounts, earn daily interest on your funds which will be credited into your account every 6 months.
Range of tenure from 1, 3, 6, 9 to 12 months with automatic renewal on Time Deposit accounts.
Simple tracking of each currency's performance with our Composite Statement.
HSBC CombiNations Account is what I need. What do I do now?
Call us at 603 8321 5202 and talk to a Customer Relationship Officer for further details.
Drop by the nearest HSBC branch to complete the Application Form and make your deposit.
Bring along a copy of both sides of your identity card or passport for processing of your account.
(http://www.hsbc.com.my/1/2/personal-banking/deposits/combinations-account)
___________________________________________________________________________________________
Miliki Koleksi Dinar Iraq sekarang !!! http://carigold.com/portal/forums/showthread.php?t=211316
Warisan Emas pilihan utama :http://www.warisanemas.com/
Forex - berita terkini : http://carigold.com/portal/forums/showthread.php?t=236240&highlight=forex+berita+terkini
sms / call : 010 - 542 3597 (arafiee)
mungkin kat sini boleh kot .....
Why HSBC CombiNations Account?
Allows you to make deposits, withdrawals through your ringgit account or withdraw through demand drafts and telegraphic transfers in foreign currencies.
Attractive interest rates for both Savings and Time Deposits at the Bank's prevailing rate.
For Savings accounts, earn daily interest on your funds which will be credited into your account every 6 months.
Range of tenure from 1, 3, 6, 9 to 12 months with automatic renewal on Time Deposit accounts.
Simple tracking of each currency's performance with our Composite Statement.
HSBC CombiNations Account is what I need. What do I do now?
Call us at 603 8321 5202 and talk to a Customer Relationship Officer for further details.
Drop by the nearest HSBC branch to complete the Application Form and make your deposit.
Bring along a copy of both sides of your identity card or passport for processing of your account.
(http://www.hsbc.com.my/1/2/personal-banking/deposits/combinations-account)
___________________________________________________________________________________________
Miliki Koleksi Dinar Iraq sekarang !!! http://carigold.com/portal/forums/showthread.php?t=211316
Warisan Emas pilihan utama :http://www.warisanemas.com/
Forex - berita terkini : http://carigold.com/portal/forums/showthread.php?t=236240&highlight=forex+berita+terkini
sms / call : 010 - 542 3597 (arafiee)
Last edited:
arafiee
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Net Foreign Investment !!!!!!!!!!!!!!!
Aug. 3, 2011, 1:56 a.m. EDT
Net foreign investment in South Korea jumps
By Se Young
SEOUL -(MarketWatch)- Net foreign investment in South Korean securities rose by KRW5.07 trillion ($4.79 billion) in July, the biggest increase since April, buoyed in part by expectations the South Korean won will continue to appreciate.
Net foreign investment in South Korean bonds rose by KRW2.90 trillion in July, the biggest increase since October 2010, boosting the net holdings of foreign investors in South Korean bonds to a record KRW84.22 trillion, data from the Financial Supervisory Service showed.
July marked the sixth consecutive month in which there was a net increase in foreign investment in South Korean debt. The net investments for the period totaled KRW10.06 trillion.
Net foreign investment in South Korean stocks rose by KRW2.17 trillion in July, the biggest increase since April, though foreign investors sold a net KRW1.7 trillion in stocks from July 14 due to heightened concerns about the fiscal conditions of Greece and Italy as well as the U.S. debt ceiling crisis.
The foreign capital inflows into Asia's fourth-largest economy have made local authorities increasingly concerned about the possibility of a swift reversal of the flows should another shock hit global markets. The Ministry of Strategy and Finance is closely monitoring foreign inflows, particularly those flowing to the bond market, and is considering taking additional steps against such investments to further safeguard the economy.
But analysts say any additional measures don't appear to be imminent, noting that the government's so-called macroprudential stability levy against banks' offshore debt only took effect this month, while it also lowered the foreign-exchange forwards cap on banks as recently as May. They said the easiest steps for the government to take would be adjusting existing measures, through means such as a further lowering of the forwards cap or increasing the tax rate on foreign investment in local bonds.
In the local bonds market, Thais became net investors for the first time since June 2010 after investing a net KRW2.12 trillion in local paper in July. Chinese investors, who remain the biggest net investors in local bonds this year, also invested a net KRW260.6 billion in the local debt market during July.
Most of the local bonds held by foreign investors are government treasurys
(http://www.marketwatch.com/story/net-foreign-investment-in-south-korea-jumps-2011-08-03)
_____________________________________________________________________________________
Miliki Koleksi Dinar Iraq sekarang !!!!
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Sms / call : 010 - 542 3597
Aug. 3, 2011, 1:56 a.m. EDT
Net foreign investment in South Korea jumps
By Se Young
SEOUL -(MarketWatch)- Net foreign investment in South Korean securities rose by KRW5.07 trillion ($4.79 billion) in July, the biggest increase since April, buoyed in part by expectations the South Korean won will continue to appreciate.
Net foreign investment in South Korean bonds rose by KRW2.90 trillion in July, the biggest increase since October 2010, boosting the net holdings of foreign investors in South Korean bonds to a record KRW84.22 trillion, data from the Financial Supervisory Service showed.
July marked the sixth consecutive month in which there was a net increase in foreign investment in South Korean debt. The net investments for the period totaled KRW10.06 trillion.
Net foreign investment in South Korean stocks rose by KRW2.17 trillion in July, the biggest increase since April, though foreign investors sold a net KRW1.7 trillion in stocks from July 14 due to heightened concerns about the fiscal conditions of Greece and Italy as well as the U.S. debt ceiling crisis.
The foreign capital inflows into Asia's fourth-largest economy have made local authorities increasingly concerned about the possibility of a swift reversal of the flows should another shock hit global markets. The Ministry of Strategy and Finance is closely monitoring foreign inflows, particularly those flowing to the bond market, and is considering taking additional steps against such investments to further safeguard the economy.
But analysts say any additional measures don't appear to be imminent, noting that the government's so-called macroprudential stability levy against banks' offshore debt only took effect this month, while it also lowered the foreign-exchange forwards cap on banks as recently as May. They said the easiest steps for the government to take would be adjusting existing measures, through means such as a further lowering of the forwards cap or increasing the tax rate on foreign investment in local bonds.
In the local bonds market, Thais became net investors for the first time since June 2010 after investing a net KRW2.12 trillion in local paper in July. Chinese investors, who remain the biggest net investors in local bonds this year, also invested a net KRW260.6 billion in the local debt market during July.
Most of the local bonds held by foreign investors are government treasurys
(http://www.marketwatch.com/story/net-foreign-investment-in-south-korea-jumps-2011-08-03)
_____________________________________________________________________________________
Miliki Koleksi Dinar Iraq sekarang !!!!
Warisan Emas pilihan semua : http://www.warisanemas.com/
Sms / call : 010 - 542 3597
arafiee
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Won !!!!!
AUGUST 4, 2011, 3:57 A.M. ET
S Korea Won Down Late On Weak Local Shares; Bonds Higher:-?
SEOUL (Dow Jones)--The South Korean won fell against the U.S. dollar late Thursday, giving up its earlier gains as the local stock index extended losses amid worries about global economic growth.
The local currency rose in early trading, taking a breather after its sharp fall Tuesday, but continued net sales of local shares by foreign investors and fund repatriation related to those share sales kept the won under pressure, traders said.
The Korea Composite Stock Price Index, or Kospi, was down 2.3% at 2018.47 Thursday. Foreigners extended the selling streak to three sessions, selling around KRW1.59 trillion worth of South Korean shares during those sessions.
The won rose sharply against the Japanese yen after the Japanese government intervened Thursday to stem the rise of the currency against the dollar.
"The impact on the local currency from the Japanese government's action is likely to be short-lived, but worries over global economic growth and sovereign debt risks will likely linger for a while, weighing on broad risk sentiment," said Hong Seok-chan, a currency analyst at Daishin Economic Research Institute.
"Investors will probably remain cautious, keeping their focus on the U.S. non-farm payrolls data due Friday and the Federal Reserve's policy meeting next week."
He said the dollar is likely to move between KRW1,050 and the mid-KRW1,060s in the near term.
Government bonds rose as some investors took the view that the Bank of Korea would keep benchmark interest rates on hold at its August policy meeting amid growing uncertainties about the global economy, analysts said.
"As the finance ministry highlighted external economic uncertainties and sovereign debt risks in its monthly greenbook, released earlier today, some investors now see that a rate-hold decision is more likely," said Seo Hyang-mi, a fixed-income analyst at NH Investment & Securities.
Though many in the market still expect a 25-basis-point rate hike to tame domestic inflationary pressure, "if Friday's U.S. non-farm payrolls data reads sharply below consensus, a rate hike will actually become a harder choice for the BOK," she added.
The three-year yields' near-term support was pegged at 3.75%.
September bond futures ended 23 ticks higher at 103.37.
-By Jieun Shin, Dow Jones Newswires; 822-3700-1905; [email protected]
(http://online.wsj.com/article/BT-CO-20110804-704226.html)
______________________________________________________________________________________________________
Miliki Koleksi Dinar Iraq sekarang !!!!!!!!!!!!
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sms/ call : 010 - 542 3597
AUGUST 4, 2011, 3:57 A.M. ET
S Korea Won Down Late On Weak Local Shares; Bonds Higher:-?
SEOUL (Dow Jones)--The South Korean won fell against the U.S. dollar late Thursday, giving up its earlier gains as the local stock index extended losses amid worries about global economic growth.
The local currency rose in early trading, taking a breather after its sharp fall Tuesday, but continued net sales of local shares by foreign investors and fund repatriation related to those share sales kept the won under pressure, traders said.
The Korea Composite Stock Price Index, or Kospi, was down 2.3% at 2018.47 Thursday. Foreigners extended the selling streak to three sessions, selling around KRW1.59 trillion worth of South Korean shares during those sessions.
The won rose sharply against the Japanese yen after the Japanese government intervened Thursday to stem the rise of the currency against the dollar.
"The impact on the local currency from the Japanese government's action is likely to be short-lived, but worries over global economic growth and sovereign debt risks will likely linger for a while, weighing on broad risk sentiment," said Hong Seok-chan, a currency analyst at Daishin Economic Research Institute.
"Investors will probably remain cautious, keeping their focus on the U.S. non-farm payrolls data due Friday and the Federal Reserve's policy meeting next week."
He said the dollar is likely to move between KRW1,050 and the mid-KRW1,060s in the near term.
Government bonds rose as some investors took the view that the Bank of Korea would keep benchmark interest rates on hold at its August policy meeting amid growing uncertainties about the global economy, analysts said.
"As the finance ministry highlighted external economic uncertainties and sovereign debt risks in its monthly greenbook, released earlier today, some investors now see that a rate-hold decision is more likely," said Seo Hyang-mi, a fixed-income analyst at NH Investment & Securities.
Though many in the market still expect a 25-basis-point rate hike to tame domestic inflationary pressure, "if Friday's U.S. non-farm payrolls data reads sharply below consensus, a rate hike will actually become a harder choice for the BOK," she added.
The three-year yields' near-term support was pegged at 3.75%.
September bond futures ended 23 ticks higher at 103.37.
-By Jieun Shin, Dow Jones Newswires; 822-3700-1905; [email protected]
(http://online.wsj.com/article/BT-CO-20110804-704226.html)
______________________________________________________________________________________________________
Miliki Koleksi Dinar Iraq sekarang !!!!!!!!!!!!
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sms/ call : 010 - 542 3597
BOCEH
CG Top Poster Club
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hang mang tau dah byk rm
arafiee
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Pelaburan di Iraq !!!
Investment contracts with Korean companies to build 100 thousand housing units
August 4th, 2011 04:56 pm · Posted in NEWS (Iraq & World Currency)
Authority announced that national investment, on Wednesday, agreed with the Korean and American companies to build 100 thousand housing units in Iraq, out of a million units of the Investment Authority is seeking to implement them.
The head of the Sami Araji, the “National Investment Authority agreed with the Group of Companies Korean and American companies to build 100 thousand housing units in the area Altnoma in the province of Basra,” noting that “the bargain in the present time with those companies in the most delicate designs for housing units with integrated structures infrastructure for it. “
Araji said that “the body also awarded many of the leaves of other investment, for a number of companies to build between 50 to 25 thousand residential units in various Iraqi provinces,” noting that “the Commission is negotiating with companies sober in the construction of housing units, having made more than 140 a global company at a time prior to the construction of residential units in Iraq. “
He pointed out that “the Ministry of Construction estimated the need for Iraq to three million housing units to solve the housing crisis in Iraq,” noting that “the body will be carried out million units through the investment of two million housing units will be implemented within the investment plan for 2010 -2014 set by the Ministry of Planning “.
And investment chief pointed out that “single-window did not work efficiently because they are linked to other ministries, and therefore, there are obstacles still working on a centralized basis and you need a long time to turn to a market economy.”
(http://theiraqidinar.com/2011/08/04...-build-100-thousand-housing-units/#more-68593)
___________________________________________________________________________________________________
Miliki Koleksi Dinar Iraq sekarang !!!!!!
Warisan Emas Pilihan Utama : www.warisanemas.com
sms / call : 010 - 542 3597
Investment contracts with Korean companies to build 100 thousand housing units
August 4th, 2011 04:56 pm · Posted in NEWS (Iraq & World Currency)
Authority announced that national investment, on Wednesday, agreed with the Korean and American companies to build 100 thousand housing units in Iraq, out of a million units of the Investment Authority is seeking to implement them.
The head of the Sami Araji, the “National Investment Authority agreed with the Group of Companies Korean and American companies to build 100 thousand housing units in the area Altnoma in the province of Basra,” noting that “the bargain in the present time with those companies in the most delicate designs for housing units with integrated structures infrastructure for it. “
Araji said that “the body also awarded many of the leaves of other investment, for a number of companies to build between 50 to 25 thousand residential units in various Iraqi provinces,” noting that “the Commission is negotiating with companies sober in the construction of housing units, having made more than 140 a global company at a time prior to the construction of residential units in Iraq. “
He pointed out that “the Ministry of Construction estimated the need for Iraq to three million housing units to solve the housing crisis in Iraq,” noting that “the body will be carried out million units through the investment of two million housing units will be implemented within the investment plan for 2010 -2014 set by the Ministry of Planning “.
And investment chief pointed out that “single-window did not work efficiently because they are linked to other ministries, and therefore, there are obstacles still working on a centralized basis and you need a long time to turn to a market economy.”
(http://theiraqidinar.com/2011/08/04...-build-100-thousand-housing-units/#more-68593)
___________________________________________________________________________________________________
Miliki Koleksi Dinar Iraq sekarang !!!!!!
Warisan Emas Pilihan Utama : www.warisanemas.com
sms / call : 010 - 542 3597
arafiee
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Rate !!!!
Won hasn’t gotten too strong: IMF
August 06, 2011
The Korean currency has appreciated markedly over the past few months but its value still remains lower than the pre-financial crisis level, the International Monetary Fund said yesterday.
Korea’s won has appreciated about 6.5 percent against the greenback since the start of this year, raising concerns that the strong currency could hurt the nation’s export-driven economic growth.
“The real effective exchange rate has appreciated 2.1 percent from end-2010 through June 2011, but still remains below the pre-crisis levels and its 2000-07 average,” the IMF said in a report posted on its Web site.
The effective exchange rate is the figure adjusted for inflation.
The report contains the IMF’s analysis of the overall Korean economic situation based on its annual meeting with Seoul government policymakers in June.
As for the nation’s foreign currency market, the IMF said that Korea’s strong growth and a “one-way market” bet on the currency have led to large inflows of capital, boosting equity prices close to an all-time high.
Regarding the nation’s monetary policy, the IMF said that it still remains “accommodative” despite its rate hikes of cumulative 125 basis points since July 2010.
The rate currently stands at 3.25 percent.
Subir Lall, Korea division chief in the IMF’s Asia and Pacific Department, said in an interview with Yonhap that the nation’s “neutral” policy rate in the long term is 4 percent.
The IMF, meanwhile, kept its previous prediction that the Korea economy will grow 4.5 percent and 4.2 percent in 2011 and 2012.
(http://joongangdaily.joins.com/article/view.asp?aid=2939859)
_____________________________________________________________________________________
Miliki Koleksi Dinar Iraq sekarang !!!!!!
Warisan Emas mewarisi kegemilangan: http://www.warisanemas.com/
sms / call : 010 - 542 3597
Won hasn’t gotten too strong: IMF
August 06, 2011
The Korean currency has appreciated markedly over the past few months but its value still remains lower than the pre-financial crisis level, the International Monetary Fund said yesterday.
Korea’s won has appreciated about 6.5 percent against the greenback since the start of this year, raising concerns that the strong currency could hurt the nation’s export-driven economic growth.
“The real effective exchange rate has appreciated 2.1 percent from end-2010 through June 2011, but still remains below the pre-crisis levels and its 2000-07 average,” the IMF said in a report posted on its Web site.
The effective exchange rate is the figure adjusted for inflation.
The report contains the IMF’s analysis of the overall Korean economic situation based on its annual meeting with Seoul government policymakers in June.
As for the nation’s foreign currency market, the IMF said that Korea’s strong growth and a “one-way market” bet on the currency have led to large inflows of capital, boosting equity prices close to an all-time high.
Regarding the nation’s monetary policy, the IMF said that it still remains “accommodative” despite its rate hikes of cumulative 125 basis points since July 2010.
The rate currently stands at 3.25 percent.
Subir Lall, Korea division chief in the IMF’s Asia and Pacific Department, said in an interview with Yonhap that the nation’s “neutral” policy rate in the long term is 4 percent.
The IMF, meanwhile, kept its previous prediction that the Korea economy will grow 4.5 percent and 4.2 percent in 2011 and 2012.
(http://joongangdaily.joins.com/article/view.asp?aid=2939859)
_____________________________________________________________________________________
Miliki Koleksi Dinar Iraq sekarang !!!!!!
Warisan Emas mewarisi kegemilangan: http://www.warisanemas.com/
sms / call : 010 - 542 3597
