Bank of Korea chief sees no crisis-like signs in forex market

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SEOUL : South Korea's central bank governor said on Tuesday the dollar-won exchange rate had risen since the Dec.3 martial law attempt, but the market was functioning normally and did not show any crisis-like signs that raise concern.The won traded at 1,438.

FILE PHOTO: The logo of the Bank of Korea is seen on the top of its building in Seoul, South Korea, March 8, 2016.

SEOUL : South Korea's central bank governor said on Tuesday the dollar-won exchange rate had risen since the Dec.3 martial law attempt, but the market was functioning normally and did not show any crisis-like signs that raise concern.The won traded at 1,438.1 per dollar as of 0611 GMT, compared with its two-year low of 1,442.0 hit on the day of President Yoon Suk Yeol's martial law declaration.

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Category: EconomyBusiness

Markets: SingaporeSouth Korea

Topics: File Logo Martial South Korea Bank Experience Mediacorp Seoul Seen Photo:

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Published On: 2024-12-17 @ 14:20:02 (2 hours ago)

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News Source URL: channelnewsasia.com

Language: English

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