The Bank of Korea is widely expected to hold rates at its August MPC meeting, with limited impact anticipated on the dollar-won and FX swap markets as financial stability concerns persist; a surprise rate cut remains a low-probability scenario.
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[August MPC D-1] Scenarios for the FX Market
The Bank of Korea is widely expected to hold rates at its August MPC meeting, with limited impact anticipated on the dollar-won and FX swap markets as financial stability concerns persist; a surprise rate cut remains a low-probability scenario.
Crisis Spreads in FX Swap Market - 'No Buying Interest, No Rebound Factors'
FX swap market faces crisis as buying interest disappears and rebound factors remain elusive, causing concern among market participants and increasing hedging costs for local banks.
Foreign Dividend Payments of 5.7 Trillion Won This Week - Will Dollar-Won Downside Be Limited by Repatriation Demand?
Major Korean companies set to pay 5.7 trillion won in dividends this week, potentially impacting dollar-won exchange rate amid broader dollar weakness trend
Foreign bank branches in Seoul dominated the FX swap market in 2023, outpacing domestic banks due to increased risk-weighted assets and changing market dynamics, with expectations of continued foreign bank leadership in 2024.
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Why Foreign Bank Branches Dominated the FX Swap Market
Foreign bank branches in Seoul dominated the FX swap market in 2023, outpacing domestic banks due to increased risk-weighted assets and changing market dynamics, with expectations of continued foreign bank leadership in 2024.
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