South Korean PM says he is concerned over the recent KRW weakness
Newsquawk Staff ·
South Korean PM says he is concerned over the recent KRW weakness.
What it means
The South Korean Prime Minister's concerns about the recent weakness of the Korean won (KRW) suggest potential governmental action or intervention to stabilize the currency. This could lead to increased volatility in FX markets, particularly if traders anticipate a more hawkish stance from policymakers. Watch for how this may affect investor sentiment and other asset classes related to South Korea.
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- PBoC pledges to enhance stock market support measures by expanding participation in its swap facility for securities firms, funds and insurers, moderately lowering swap fees and conducting operations when appropriate
- China proposes easing FX rules for current account transactions
- Japan's Chief Cabinet Secretary Kihara says JPY 1.1tln of reserve funds is to support fuel price measures
- South Korean Finance Minister and Central Bank Governor held a meeting with the Fed and US Treasury Department
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