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My Travel Cash Currency Home Delivery | ||||
| 0% | No | £100 | £2500 | Free, or £5 on orders under £500 | |
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Turkey this week caught the markets attention on two occasions, the first, after Moody’s upgraded Turkey’s sovereign bond ratings to investment grade (Baa3), in line with Fitch at BBB- and above S&P at BB+. The second time occurred after Turkey’s Central Bank extended its monetary easing cycle. The rating upgrade has been a part of “consensus expectations for an extended period and was one of the main drivers of real money demand for Turkish bonds in the past...
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The South Korean won declined today on speculations that the weakness of the Japanese yen will prompt nation’s policy makers to intervene in an attempt to push the exchange rate lower.(...)Read the rest of Intervention Concerns Push Won Lower (57 words) Posted on Forex News.