S.Korea FinMin Choo vows pre-emptive action to stabilize markets

Market news

5 September 2022

S.Korea FinMin Choo vows pre-emptive action to stabilize markets

South Korean Finance Minister Choo Kyung-ho said on Monday that the government will take action if needed to stabilize markets in a pre-emptive manner.

He added that they are closely watching the fx market.

Market reaction

USD/KRW was last seen trading at 1,371.55, 0.65% higher on the day. These comments come after the South Korean won (KRW) extends its bearish moemntum to the weakest level since April 2009 against the US dollar at 1,371.96.

Currencies. Daily history for Monday, September 5, 2022

Commodities. Daily history for Friday, September 2, 2022

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