South Korea to announce measure to improve FX liquidity before end of December
Source Fxstreet
South Korea's finance ministry and regulators said Monday they will make all-out efforts to stabilise financial markets by implementing previously stated contingency plans and preparing new steps to increase foreign currency market liquidity by the end of December, per Reuters.
South Korean authorities further stated that they will work with the Bank of Korea (BoK) on the outright purchase of Korea Treasury Bonds (KTBs) if needed.
Market reaction
At the time of writing, the USD/KRW pair is trading 0.12% higher on the day to trade at 1425.38.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Goldman Sachs ( GS) 's latest precious metals research report on gold ( XAUUSD) price trends presents a "structurally bullish, tactically cautious" dual outlook, maintaining its year-end
The United Arab Emirates (UAE) has officially announced that it will formally withdraw from the Organization of the Petroleum Exporting Countries (OPEC) and the OPEC+ alliance on May 1.Bl
Gold price (XAU/USD) holds steady near $4,600 during the early Asian session on Wednesday. The precious metal steadies as traders await a key Federal Reserve (Fed) interest rate decision later on Wednesday.
Global financial markets are set for a "Super Central Bank Week" this week, as five major central banks, including the Federal Reserve, the European Central Bank, and the Bank of Japan, a
The USD/JPY pair is seen consolidating in a narrow band around mid-159.00s during the Asian session on Tuesday as traders opt to wait for the crucial Bank of Japan (BoJ) before placing fresh directional bets.
