The Bank of Korea has introduced temporary interest payments on excess FX reserve requirements to bolster foreign exchange reserves and support market stability, as the won-dollar rate remains volatile and the National Pension Service prepares for increased hedging activity.
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https://en.infomaxai.com/news/articleView.html?idxno=96573
The National Pension Service’s ongoing dollar purchases for overseas investments and swap repayments are reinforcing downside support for the dollar-won rate, with market participants eyeing the 1,350-won level as a key threshold for NPS buying activity.
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https://en.infomaxai.com/news/articleView.html?idxno=70960
Will the National Pension Service Further Strengthen Dollar-Won Downside Support—Dollar Buying Around 1,350 Won?

The National Pension Service’s ongoing dollar purchases for overseas investments and swap repayments are reinforcing downside support for the dollar-won rate, with market participants eyeing the 1,350-won level as a key threshold for NPS buying activity.

Yonhap Infomax