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The Governor of the Bank of Korea, Lee Chang-yong, will announce a major news tonight involving the US-Korea trade agreement and important measures in the foreign exchange market. This sudden official statement has immediately energized the market, and many analysts speculate that the Korean government may be taking new actions to stabilize the Korean won.
From recent fluctuations in the foreign exchange market, the Korean won has indeed faced considerable pressure. Behind this statement from the central bank, there is likely a "currency defense battle" — what specific measures will be taken remains to be seen in the official evening announcement. Such policy signals often cause ripples in Asian financial markets and related currencies, which is worth paying attention to.
Let's wait and see how this unfolds.