- Analytics
- News and Tools
- Market News
- USD/KRW remains capped below 1,400 after S. Korean verbal intervention
USD/KRW remains capped below 1,400 after S. Korean verbal intervention
South Korean Finance Minister Choo Kyung-ho said on Thursday that they “will take action on FXmarket if needed.”
He added that the government is “closely monitoring the market.”
South Korea is resorting to verbal intervention, adopting Japan’s apporach to stem the declines in their local currencies.
Market reaction
USD/KRW was last seen trading at 1,385.91, 0.31% higher on the day. South Korean officials are coming to the rescue of the won (KRW) as it slumps to the weakest level since March 2009 against the US dollar.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
