S. Korean Vice FinMin: Will act to stabilize market if needed

South Korean Vice Finance Minister said on Thursday that they “will act to stabilize market if needed.”
He added that they “will coordinate with Bank of Korea (BOK) to stabilize the government bond market if necessary.”
Market reaction
As of writing, USD/KRW is trading at three-week highs of 1,203.24, up 0.22% on the day, little affected by these above comments.
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.

















