Possible North Korea nuclear test, story developing

South Korea is reporting that a possible North Korea nuclear test took place, according to NHK. Meanwhile, Reuters just published a follow-up headlines saying that "the USGS said the epicentre was close to North Korea's known nuclear test site." The story is still developing, yet nothing has transcended into the currency market.

Feb 12, 2013

Forex Flash: After overshooting 1.0050, USD/CAD likely to consolidate - TDS

After USD/CAD overshot 1.0050 TDS upside target, "the market may now consolidate near-term" notes Shaun Osborne, Chief FX Strategist at TDS.

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Feb 12, 2013

UPDATE -South Korean defense ministry confirms North Korea nuclear test

We earlier reported that South Korea was reporting that a possible North Korea nuclear test took place, according to NHK. The Reuters out out the following headline saying that "the USGS said the epicentre was close to North Korea's known nuclear test site." Bloomberg then has had its follow-up adding that the nuclear test was likely. Now, we have the outh Korean Defense Ministry confirming that DPRK nuclear test was indeed conducted. Coordinates of North Korea's '09 nuclear test were: 41.2°N 129.2°E ... The event that just happened shows the following coordinates 41.299°N 129.081°E.

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