More on currency market intervention details crossing

Author: Eamonn Sheridan | Category: News

The South Korean finance minister says he is seeking the 'right way' to disclose foreign exchange market intervention details

I.e How to disclose details of actions taken by currency authorities when intervening in the foreign exchange market
Kim Dong-yeon said he will consider:
  • current market conditions
  • economic system
  • the policy direction
C'mon dude, just get it off yer chest and you'll feel much better 
The background to this is that while South Korea avoided being named a currency manipulator by the U.S. Treasury report it remains on their 'monitoring list'

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