New Overnight Developments Abroad: Surprise North Korean Nuclear and Missile Test
May 25, 2009
Western leaders have condemned North Korea’s first nuclear test in almost three years. The surprise action has depressed the Australian and New Zealand currencies by 0.4% and the yen by 0.3% against the U.S. dollar. The greenback also advanced 0.6% against the Canadian dollar and 0.3% versus sterling, but it is unchanged against the euro [...]
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