The upstart or young pretender KRW (South Korean won) is currently weak against the USD on event risk, but the market anticipates the currency to trade back to pre-crisis strength against the JPY.
The stock market rose above pre-U.S. downgrade lows during intraday trade on Monday, but immediate fundamentals remain weak and policy makers in Washington seem hog-tied to do much about.
The iShares FTSE China (FXI) exchange trade fund was down 1.25% in the pre-market minutes on Monday and opened 2.07% lower thanks to a mix of U.S. and European news.
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