South Korean President Lee says the USD-KRW is showing alignment with JPY movement, will work to stabilise the FX market, sees USD/KRW near 1400 in 1-2 months
The South Korean President's comments suggest a focus on stabilizing the USD-KRW exchange rate, particularly in light of its correlation with JPY movements.
[MARKET ANALYSIS] Asia-Pac equities trade mixed, with the KOSPI outperforming with the help of the tech sector
South Korean President Lee says he is not worried about the current talks on US chip tariffs, could accelerate US inflation
South Korean President Lee says the USD-KRW is showing alignment with JPY movement, will work to stabilise the FX market, sees USD/KRW near 1400 in 1-2 months
PBoC sets USD/CNY mid-point at 7.0014 vs exp. 6.9578 (prev. 7.0006)
[MARKET UPDATE] KOSPI reverses earlier losses and now trading in the green; spot XAU reaches USD 4800/oz; JGBs currently at session lows despite initially trading on the frontfoot
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This indicates potential intervention or policy measures that could influence FX dynamics, especially if the USD/KRW approaches the 1400 level, which could heighten market volatility and impact related currency pairs.
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