Trade the USD on the extreme volatility
The Federal Reserve will make its monetary policy statement and announce the official rate on December 19, at 21:00 MT time.
South Korea April export surge reaches near six-year peak
In April, South Korean exports headed north at a much faster-than-expected pace, ascending for a sixth straight month backed by sturdy demand for high-tech memory chips as well as adding confirmation to perceptions of broad revival in the world economy.
In April exports to America grew, though South Korea's trade surplus with that country edged down on an annual basis for the same period. That’s what Monday's data disclosed, easing worries that Washington might impose protectionist measures, which could affect South Korea's economy.
The previous week Donald Trump told that he was considering changing a free trade deal with South Korea or even scrapping it entirely.
As preliminary data revealed April's exports increased 24.2% compared to last year’s outcome, hitting $51.01 billion. Meanwhile, imports inched up 16.6%, being worth $37.75 billion to generate a $13.25 billion trade surplus, as the Ministry of Trade, Industry and Energy informed.
Similar
News to trade on December 18
Find out the main market movers for today and the reasons behind the risk-off sentiment!
Annual inflation is updated downwards to 1.9% in euro zone
November’s euro zone consumer price inflation was suddenly updated downwards on Monday, thus contributing to skepticism that the EU’s key financial institution won’t be able to move ahead with an interest rate lift next year…
Latest news
Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
Greenback edges down
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
Deposit with your local payment systems
