South Korea says will take action in FX market if needed as won hits 3-yr high
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
[SEOUL] South Korea's finance minister on Tuesday said the government will take action to stabilise the foreign exchange market as its currency soared to a more than three-year high.
"(Currency markets) should be market-oriented, but we will act if needed," Kim Dong Yeon told reporters, responding to a question about the won's strength.
The won was trading at 1,062.0 per US dollar as of 0602 GMT, after reaching as high as 1,061.2 earlier on Tuesday, the strongest since Oct 2014.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
