South Korean fin min official warns on FX intervention

Author: Eamonn Sheridan | Category: News

Reuters  with headline comments from a South Korean finance ministry official: 

  • S.korea to continue to operate smoothing operations in FX market in cases of sharp volatilities
  • Says any country will need to stabilize currency markets in cases of disorderly movements
Makes sense, confirming the usual response from central banks to 'disorderly' movement. Mind you, what constitutes disorderly is the question. Remember when GBP collapsed after Brexit voting and the months following? A lower GBP was a not unwanted side effect ... so it wasn't 'disorderly' was it? 

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