Growing Caution in Seoul FX Market as National Pension Fund Signals Subtle Shifts
South Korea's National Pension Service is signaling a shift in FX strategy, prompting heightened vigilance in Seoul's currency market as authorities coordinate stabilization efforts amid US scrutiny concerns.
South Korea’s Deputy Prime Minister Gu Yoon-cheol said the government is consulting with key FX market participants to prevent excessive won volatility, citing overseas outflows and urging exporters’ cooperation, while no additional stabilization measures are currently planned.
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Gu Yoon-cheol Says Government Consulting with Key FX Players to Curb Excessive Won Volatility
South Korea’s Deputy Prime Minister Gu Yoon-cheol said the government is consulting with key FX market participants to prevent excessive won volatility, citing overseas outflows and urging exporters’ cooperation, while no additional stabilization measures are currently planned.
South Korea’s FX authorities signal strong intervention to curb dollar-won volatility, but persistent external risks and robust retail buying keep the won under pressure; next 1-2 weeks seen as pivotal for market stability.
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Despite Strong FX Stabilization Signals from Authorities, Dollar-Won Rate Remains Volatile—Next 1-2 Weeks Seen as Critical
South Korea’s FX authorities signal strong intervention to curb dollar-won volatility, but persistent external risks and robust retail buying keep the won under pressure; next 1-2 weeks seen as pivotal for market stability.
The South Korean won posted the sharpest decline among major currencies in November, outpacing the yen and prompting authorities to deploy aggressive stabilization measures, including coordination with the National Pension Service, amid persistent foreign capital outflows and global market volatility.
#YonhapInfomax #SouthKoreanWon #ExchangeRate #NationalPensionService #ForeignCapitalOutflows #USDKRW #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=91109
Won Weakens More Sharply Than Yen—A Sign of Market Imbalance Prompting Authorities to Act
The South Korean won posted the sharpest decline among major currencies in November, outpacing the yen and prompting authorities to deploy aggressive stabilization measures, including coordination with the National Pension Service, amid persistent foreign capital outflows and global market volatility.
South Korea's won surged against the dollar, with USD/KRW plunging to the mid-1,450s after authorities signaled possible intervention, while KOSPI fell 2.7% and foreign investors sold over 1.8 trillion won in stocks.
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[Seoul Foreign Exchange Market]Authorities' Caution Drives Sharp Drop—USD/KRW Plunges to Mid-1,450s, Down 13.80 Won
South Korea's won surged against the dollar, with USD/KRW plunging to the mid-1,450s after authorities signaled possible intervention, while KOSPI fell 2.7% and foreign investors sold over 1.8 trillion won in stocks.
Citi recommends a long position on the Korean won as the USD/KRW nears the National Pension Service’s hedge trigger, citing excessive speculative shorts and potential for a short squeeze, while the government signals coordinated FX stabilization efforts.
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Citi Recommends Long Position on Korean Won—Pension Hedge Level Nears, Speculative Shorts Excessive
Citi recommends a long position on the Korean won as the USD/KRW nears the National Pension Service’s hedge trigger, citing excessive speculative shorts and potential for a short squeeze, while the government signals coordinated FX stabilization efforts.
South Korea's won fell sharply after authorities signaled intervention and finalized a US-Korea fact sheet on tariffs and security, with the USD/KRW rate dropping 8.50 won to 1,459.20 amid heavy foreign equity selling and ongoing market volatility.
#YonhapInfomax #USDKRW #NationalPensionService #ExchangeRate #KOSPI #Tariffs #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=90891
[Seoul Foreign Exchange Market]Authorities Signal FX Stabilization Measures as Won Falls Below 1,460—Down 10.20
South Korea’s won fell sharply below 1,460 per dollar after authorities signaled FX stabilization measures, with the KOSPI tumbling 2.36% amid risk-off sentiment and heavy foreign outflows.
Gu Yoon-cheol Says Government to Work Closely with National Pension Service and Exporters on Measures to Stabilize Currency Markets
South Korea signals coordinated action with the National Pension Service and exporters to stabilize foreign exchange markets amid ongoing currency volatility.
South Korea's Deputy Prime Minister Gu Yoon-chul pledged to coordinate with the National Pension Service and exporters to stabilize the won, as authorities analyze drivers behind the currency's recent weakness and vow to deploy all available tools to ensure market stability.
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