Forex intervention remarks from South Korea as the KRW drops

Author: Eamonn Sheridan | Category: News

Negative economic growth over the Q1 quarter for South Korea:


Negative economic growth over the Q1 quarter for South Korea:
South Korea's deputy finance minster says will take steps if abnormal moves are seen in forex market (translation, will buy the won to intervene if it drops too sharply).

On a smaller timeframe … you can see KRW has bounced off its lows , what you'd espect if the central bank was in to support it and indeed suspicions are raised:



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