South Korea’s won surged against the US dollar, with the USD/KRW rate plunging over 20 won intraday to the mid-1,460s, following aggressive intervention by authorities and a weaker dollar, as policymakers signaled further action to stabilize the currency.
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https://en.infomaxai.com/news/articleView.html?idxno=97060
#YonhapInfomax
#USDKRW #ForeignExchangeIntervention #BankOfKorea #WonDepreciation #DollarIndex
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=97060
[Seoul Foreign Exchange Market-Morning]Authorities Intervene, Weak Dollar Drives USD/KRW to Mid-1,460s—Down 20.40 Won
South Korea’s won surged against the US dollar, with the USD/KRW rate plunging over 20 won intraday to the mid-1,460s, following aggressive intervention by authorities and a weaker dollar, as policymakers signaled further action to stabilize the currency.