RBA Deputy Governor Says November Inflation Slowdown Helpful but Still Above Target 
South Korea Exports Hit Record High as Global Trade Momentum Builds 
Philippine Central Bank Signals Steady Interest Rates as Inflation Rises and Growth Slows 
U.S. Dollar Steadies Ahead of Fed Minutes as Markets Eye Policy Divisions 
South Korean Won Slides Despite Government Efforts to Stabilize Currency Markets 
Japanese Business Leaders Urge Government Action as Weak Yen Strains Economy 
BOJ Governor Signals Further Rate Hikes as Japan’s Economy and Inflation Stay on Track 
Gold Prices Rebound in Europe as Geopolitical Tensions and Fed Outlook Support Bullion 
China Holds Loan Prime Rates Steady in January as Market Expectations Align 
Oil Prices Slip Slightly as Markets Weigh Geopolitical Risks and Supply Glut Concerns 
GDP figure for third quarter, released by Bank of Korea (BOK) showed that economy did much better in the third quarter than originally anticipated. Korean economy faced heavy headwinds from slowdown in exports to China and massive outbreak of Middle East Respiratory Syndrome (MERS).
Economic activities were heavily disrupted over MERS outbreak, leading to closure of schools and colleges out of schedule, while people avoided mass gathering in places, which includes visiting in shopping Mall. Number of tourists arriving in the country also dropped sharply. First case was reported back in May, since then, it has claimed 36 lives.
Other hand it was China. Massive slowdown hampered Korean exports to China, which has fallen to lowest in years. Korean automobiles have been especially hit.
It was widely expected that Korean economy would slow down faster due to the above reasons.
Instead, Economy has performed much better than expected. Economy grew 1.3% in third quarter, best in almost five years, up 2.7% on yearly basis, best in a year.
Focus will be on next series of data for hints, if the economy is on its way to recovery.
Korean Won is currently trading at 1164 per Dollar, down -0.2% today so far.
