S. Korean Pres. Moon: Considering extra measures worth 17.7trln won to support domestic demand
|South Korea’s President Moon Jae-in said on Wednesday, the government is planning additional measures worth 17.7 trln won to support domestic demand.
New policy financing worth 36 trln won will be available for exporters hit by a coronavirus, he added.
USD/KRW snaps two-day losing streak
The Korean won is back in the red zone after two consecutive days of gains when compared to the greenback, as the KRW bulls remain unimpressed by the additional measures being considered by the South Korean government.
Meanwhile, broad-based US dollar rebound seems to be the main catalyst behind the latest uptick in the cross, as it now trades at 1,220.25, up 0.42% on the day.
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