Bank of Korea chief says won volatility is a little 'excessive' and will intervene if needed
Publishing timestamp: 2024-04-17 02:21:10
Summary
Bank of Korea governor expressed concerns about Korean won's weakness due to external factors like U.S. dollar strength and geopolitical tensions. Central bank is ready to intervene if market volatility continues. Inflation remains a concern for the bank.
Sentiment: NEUTRAL
Keywords: forex markets, prices, asia economy, us dollar/korean won fx spot rate, business news, us dollar/chinese renminbi fx spot rate, usd/jpy, south korea, world markets, currency markets,
Source: https://www.cnbc.com/2024/04/17/bank-of-korea-chief-says-won-volatility-a-little-excessive-.html