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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]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.
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.”
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