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Swampfox10mm
Joined: 24 Mar 2011
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 Posted: Thu Oct 27, 2011 11:36 pm Post subject: Won to the dollar since the Korean election |
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| Have you been watching? The won has strengthened almost 40 won in just a few days. I have to send home some money, and decided to wait until Monday. Maybe I should have sent money today? |
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tran.huongthu
Joined: 23 May 2011
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| Posted: Thu Oct 27, 2011 11:45 pm Post subject: Re: Won to the dollar since the Korean election |
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| Swampfox10mm wrote: |
| Have you been watching? The won has strengthened almost 40 won in just a few days. I have to send home some money, and decided to wait until Monday. Maybe I should have sent money today? |
Europe delayed the inevitable failure of the euro and the US reported an astonishing 2.5% GDP. 
This prompted a flight to riskier assets like the Won and away from US treasuries. It looks like the Won might rise a bit now that its OK to pursue riskier assets like equities. Looks like even gold has taken a slight hit. |
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Adventurer
Joined: 28 Jan 2006
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| Posted: Fri Oct 28, 2011 9:08 am Post subject: |
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| That's good news, I'd say. |
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atwood
Joined: 26 Dec 2009
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| Posted: Fri Oct 28, 2011 2:44 pm Post subject: |
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| I sent money home Friday after seeing the good news about Europe and the U.S. economy. I got 1111 to the dollar. |
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88Sparky
Joined: 02 Oct 2011
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| Posted: Sat Oct 29, 2011 6:19 pm Post subject: |
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| The first month I was here. The USD appreciated by about 10% against the Won. Now in my second month here, there has been almost a complete reversal. I like a weak dollar, because it means I can send more USD back home. |
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