South Korea's FX swap points rose slightly across all tenors on January 9, as market participants adopted a wait-and-see approach ahead of key US employment data, with trading momentum remaining subdued.
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FX Swap Points Edge Higher as Directional Momentum Weakens Ahead of US Jobs Data
South Korea's FX swap points rose slightly across all tenors on January 9, as market participants adopted a wait-and-see approach ahead of key US employment data, with trading momentum remaining subdued.
South Korea’s Deputy Prime Minister Gu Yoon-chul said a swift resolution of US-South Korea tariff talks would provide a clear boost to the won, as the exchange rate recently surged past 1,430 amid global uncertainties.
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FX Swap Points Edge Up Slightly in Long Tenors Amid Offshore Bids
FX swap points in South Korea rose slightly in long-term tenors on September 2, driven by offshore demand and moves in cross-currency swaps, with market focus turning to upcoming U.S. jobs data.
BOK Governor Lee - 'Current KRW-USD Exchange Rate Undervalued Compared to Fundamentals'
Bank of Korea Governor Rhee Chang-yong states current won-dollar exchange rate is undervalued compared to economic fundamentals, expressing concerns over excessive volatility
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