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South Korean fin min to meet with the head of the Bank of Korea re FX & the economy

Started by forex4you, May 16, 2022, 05:54 am

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May 16, 2022, 05:54 am
South Korean fin min to meet with the head of the Bank of Korea re FX & the economy

South Korea's Finance Minister Choo says he will hold a meeting with BoK Governor Rhee to discuss the economy and FX. Choo says the economic situation is dire while Rhee says the BoK need coordinated policy with the government.
The KRW has been weak against the USD, like so many others of course. I've no doubt there will be a discussion of how to control the weakness, if they can, in this meeting. 

Weekly candles shown:

Source: South Korean fin min to meet with the head of the Bank of Korea re FX & the economy

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