Bank of Korea official reiterates USD/KRW exchange rate above 1,400 is misaligned with economic fundamentals, notes the need for policy measures to ease excessively pessimistic market sentiment
Newsquawk Staff ·
Bank of Korea official reiterates USD/KRW exchange rate above 1,400 is misaligned with economic fundamentals, notes the need for policy measures to ease excessively pessimistic market sentiment.
What it means
The Bank of Korea's remarks signal a dovish stance towards the current USD/KRW exchange rate, suggesting it is not aligned with economic fundamentals. This indicates a potential shift in policy to address market sentiment, which could influence investor expectations around future rate decisions and shift currency dynamics in the region.
- US Midterms Cheat Sheet for Traders
- Newsquawk US Market Wrap - Stocks mixed on AI rebound ahead of US midterms
- Amgen Inc. (AMGN) Q3 2026 (USD): Adj. EPS 6.45 (exp. 5.79), Revenue 10.4bln (exp. 10.07bln), Adj. operating income 4.7bln (exp. 4.33bln)
- US FX WRAP: Dollar sees two-way trade on geopols as US midterms await
- TREASURY WRAP: T-NOTE FUTURES (Z6) SETTLE 11+ TICKS LOWER AT 106-16
Related headlines
- Eight tankers carrying 300,800 tonnes of Russian diesel are being monitored on potential voyages to the US, with seven declaring the US as their destination and arrivals expected from November 7th, according to Ukrainian sources cited by an RFE journalist4 days ago
- Israel has shared intelligence with the US asserting that Iran is considering the use of chemical weapons against its adversaries, information met with alarm by some American officials and deep skepticism by others, NYT reports citing sources4 days ago
- Sources close to the White House report a divisiveness in the Trump administration's approach to Iran, reports ILNA4 days ago
- US and Venezuela discuss fresh aluminium cargo amid trade revival, reports Bloomberg4 days ago
- Israeli PM Netanyahu was reportedly the one who proposed to US President Trump the ending of financial aid to Israel, N13 reports citing sources4 days ago
- US EQUITY OPEN: Tech pares back some recent losses as US/Iran negotiations and US midterms are in focus4 days ago
- Newsquawk Daily Economic Releases - 4th November 20264 days ago
- US Energy Secretary Wright says overnight strikes on Iran's Qeshm Island have not impacted oil flows; more refined products are coming out of the Arabian Gulf and more will come from India4 days ago
- US President Trump says they have total control of the Middle East. Israel has been a helper.4 days ago
- Iran is reportedly ready to respond to new US aggression that will go beyond the geographical limits of the region, reports Russian Press Ria citing an Iranian political source4 days ago
- Russian Kremlin spokesperson says Russia will eventually have to discuss the future security system with Europe, but it is important to understand with whom4 days ago
- Melania Trump will reportedly convene Russia and Ukraine representatives at the White House; will deliver remarks on the Oleshky ceasefire on Thursday4 days ago
- Russia's Kremlin is reportedly seeking further easing of US sanctions following a Trump-Putin agreement on Russian diesel supplies, according to Bloomberg sources4 days ago
- Newsquawk Daily US Opening News - 3rd November 20264 days ago
- [MARKET ANALYSIS] DXY trades tentatively into midterms; AUD lags post-RBA, which avoided further hawkish guidance4 days ago