Treasury Secretary Bessent says excess volatility in the FX market is undesirable in a meeting with South Korea

• Also discussed depreciation of KRW with South Korea.

The comments from Treasury Secretary Bessent highlight concerns about excessive volatility in the FX market, potentially indicating a desire for more stability in currency movements. The references to the depreciation of the KRW suggest that this issue is particularly pertinent to South Korean officials and could influence their policy responses, especially if the aimed-for stability might affect trade balances or economic growth.