[/caption] USDKRW declined0.3% to 1,138.60 after North Korea was reported to have made headway in its quest to become a nuclear power. The Bank of Korea (BOK) kept its benchmark interest rate unchanged at 2% for a 15th month as Europe's debt crisis adds to concern that the nation's recovery isn't yet strong enough to withstand higher borrowing costs. BOK Governor Kim is facing pressure to join India & China in withdrawing monetary stimulus as South Korea grows faster than expected on surging exports and stronger consumer spending with the GDP growing at 1.8% and unemployment rate falling to 3.7%. The recovery will likely lose steam in coming months as the global economy slows amid the European debt crisis according to analysts. China may relax the Yuan's peg to USD this month to head off criticism of its currency policy during May 24-25 talks with the US and he [...] Forex trading - live day trading course and currency trade room.
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