South Korea’s FX authorities saw their net forward purchase position fall by $3.2 billion in June, ending an eight-month streak of increases, as the National Pension Service allowed a major FX swap with the Bank of Korea to mature amid a sharply appreciating won and stabilizing markets.
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FX Authorities' Forward Position Drops by $3.2 Billion in June as Pension Fund Swap Matures
South Korea’s FX authorities saw their net forward purchase position fall by $3.2 billion in June, ending an eight-month streak of increases, as the National Pension Service allowed a major FX swap with the Bank of Korea to mature amid a sharply appreciating won and stabilizing markets.