South Korean’s Fiance Minister : Will Act on the Forex market (FX) if mandatory

Choo Kyung-ho, South Korea's Finance Minister, stated on Monday that the country would take the necessary steps to balance the currency market in the event of extreme volatility.

June 20, 2022 - 12:45 PM 260 views

South Korean’s Fiance Minister : Will Act on the Forex market (FX) if mandatory

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© South Korean’s Fiance Minister : Will Act on the Forex market (FX) if mandatory

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Choo Kyung-ho, South Korea's Finance Minister, stated on Monday that the country would take the necessary steps to balance the currency market in the event of extreme volatility.

However, Choo said that it was not proper to comment on the definitive USD/KRW exchange rate value.

The Market Reaction

When last seen, the USD/KRW currency pair was trading at 1,290.12 points, falling by 0.11% in a day. On these above comments, the market received a fresh bid wave, rebounding from crucial support around the 1,296 zone once more.

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