- This topic has 4 replies, 2 voices, and was last updated 6 months ago by TradersCom.
- 22 Jun '22 at 8:18 pm #39077
The Japanese Yen and South Korean won have been falling sharply lower in 2022. The won has weakened more than 8% this year, following an 8.6% drop in
[See the full post at: South Korea Won Weakness Accelerates To 13 Year Low Against U.S. Dollar]23 Jun '22 at 7:16 am #39089TrumanParticipant
Great background on the won – thank you23 Jun '22 at 7:17 am #39090TrumanParticipant
Bank of Korea Senior Deputy Governor Lee said that inflation needs to be tamed through pre-emptive policy and that rate hikes will only have a limited impact on growth.28 Aug '22 at 8:33 am #42612
August 23 – Bloomberg (Jaehyun Eom and Sam Kim): “South Korea is stepping up surveillance of the won after the currency tumbled to a 13-year low, with the authorities warning that they are watching for any offshore speculative factors… The tone of the latest warning is stronger than a caution issued in June and comes as the won tumbled to a 13-year low of 1,345.80 per dollar on Tuesday.”21 Sep '22 at 6:37 pm #44199
South Korea Finance Minister warns it will proactively respond to herd like behaviors in the #Forex markets
Korean won has fallen to lowest against the US dollar since March 2009.
#KRW follows the FOMC raising rates & widening the forwards with USD
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