USD/KRW slips to five-day lows near 1,372 as BOK closely monitors FX markets

Market news

13 September 2022

USD/KRW slips to five-day lows near 1,372 as BOK closely monitors FX markets

Bank of Korea (BOK), South Korea's central bank, Senior Deputy Governor Lee Seung-heon said on Tuesday that they are closely monitoring FX markets.

Lee added that volatility is likely to increase while expressing his concerns over the recent depreciation of the won.

Market reaction

At the time of writing, USD/KRW is recovering ground to trade modestly flat at 1,376.22, having hit fresh five-day lows at 1,372.08 on the BOK commentary.

Currencies. Daily history for Tuesday, September 13, 2022

Commodities. Daily history for Monday, September 12, 2022

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