S. Korean FinMin Official hints on KRW intervention

An unnamed South Korean Finance Ministry official was reported by Reuters as hinting towards an intervention in the currency markets.
Key Comments:
Closely monitoring FX moves in the Won.
No change in stance that authorities will act in the currency market in cases of sharp volatility.
Author

Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

















