BOK’s Yoon sees global uncertainties decreasing
|Yoon Myun-shik, Senior Deputy Governor at Bank of Korea (BOK), South Korean central bank, responded to the US Federal Reserve’s (Fed) overnight monetary policy decision.
Yoon noted: “As the U.S. Fed said, the Bank of Korea will keep watching how (global) uncertainties are unfolding, but it’s true that we see the uncertainties as decreasing.”
- Powell speech: Would have to see significant, persistent move up in inflation to hike rates
- Forex Today: Fed hit the dollar, ECB and UK election coming next
The Korean Won tracks the rise in its Asian peers, courtesy the dovish FOMC led broad US dollar weakness. USD/KRW fell sharply over the last hour to hit fresh weekly lows of 1,185.89 before recovering slightly above 1,187 levels.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.