South Korean official suggests disclosing currency policies - Reuters

Joshua Gibson FXStreet

Reuters is reporting on comments from an unnamed South Korean official stating that disclosing details of actions taken by currency authorities could help ease tensions around South Korea being labeled a 'currency manipulator' by President Trump.

Key quotes (source: Reuters)

" “Disclosing the details is likely to take some steam off (the review),” a government official told Reuters."

"South Korea, along with China, avoided the currency-manipulator label in twice-yearly U.S. Treasury report, but was kept on a currency “monitoring list”."

"The finance ministry said the ongoing discussions with the U.S. about currency policies are separate from KOREA-U.S. FTA talks."

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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