May 28th, 2008

KRW: BoK sold about 500usd to push spot to 1033, also commented that high inflation a top concern for them, could see 1025
MYR: Good Q1 GDP numbers

Hong Kong
Deficit narrowed exports and imports rose, but exports very high on back of china demand
April inflation surprise at 5.4% vs 4.2% mktexp, food prices main driver and pegging of HKD to USD did little to buffer inflation

South Africa
Inflation at 10.4%, highest in 5 years; CPIX which exlcudes mortgage costs up 10.1%
Headline inflation including mtg costs up to 11.1% from 10.6% in March
levels: 7.6539 100 day, 7.6372, 30 day

Vietnam