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Opening Comment 02.24

Comments from Fed Bullard , who downplays the latest discount rate hike and suggests that the Fed may hold off moving on its key policy rate until 2011, have helped to inspire some USD profit taking . In Japan, the trade surplus came out better than expected, while corporate services
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Korean GDP expands at fastest pace in 7 years

South Korea's economy grew at its fastest pace in more than seven years in the third quarter, relying on an inventory build rather than other growth drivers and so pressuring the central bank to cap interest rates this year. Gross domestic product rose a seasonally adjusted 2.9 per cent in

Korean GDP expands at fastest pace in 7 years

South Korea's economy grew at its fastest pace in more than seven years in the third quarter, relying on an inventory build rather than other growth drivers and so pressuring the central bank to cap interest rates this year. Gross domestic product rose a seasonally adjusted 2.9 per cent