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View Full Version : Bank of America's Lee Sees One More Rate-Cut in Korea This Year - Bloomberg



NewsWhore
09-04-2012, 01:10 AM
Bank of America's Lee Sees One More Rate-Cut in Korea This Year (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEax6hKyXD8CpS5dUH9kutvingpmQ&url=http://www.bloomberg.com/news/2012-09-04/bank-of-america-s-lee-sees-one-more-rate-cut-in-korea-this-year.html)
Bloomberg
As the Korean won is still a VIX sensitive currency, if the trade surplus was negative, then we would have a full-body blow to the exchange rate, raising the sense of a semi-crisis. A strong trade surplus gives a solid cushion to the foreign- exchange ...

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