South Korea official warns speculators as won hovers near two and a half year high
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[SEOUL] A senior South Korean official on Thursday said some speculators in the foreign exchange market are ignoring the government's efforts to stabilise financial markets.
"Some offshore speculators are failing to notice the government's willingness to stabilise financial markets," the official said, declining to be named due to internal policy.
The comments dented the won, which was hovering near a two and a half year highs at 1,086.0 per US dollar in early trade.
The official also said the Moon Jae In administration's push to increase household income as part of a growth strategy does not mean changes are afoot to the government's currency market policies.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Singaporeans can now buy record amount of yen per Singdollar
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain
