BoK official says the FX market situation is closely watched but not targeting specific level for FX rates
The remarks from the Bank of Korea (BoK) official indicate that while the central bank is attentive to FX market conditions, it is not committed to defending a specific exchange rate level.
Chinese Foreign Ministry says three Chinese ships recently sailed through the Strait of Hormuz
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BoK official says the FX market situation is closely watched but not targeting specific level for FX rates
Aluminium Corporation of China (2600 HK) is said to be considering an USD 800mln USD-denominated offshore bond sale
German institutes to cut 2026 economic growth forecasts amid the Iranian war, Reuters sources suggest; 2026 growth outlook seen at 0.6% (prev. 1.2%), 2027 growth seen at 0.9% (prev. 1.4%)
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This suggests a more flexible approach, which could stabilize market expectations and prevent speculative volatility. Traders should consider how this stance may impact the won and broader currency dynamics, particularly in relation to risk sentiment and other central bank actions.
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