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.
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ShitcoinArbitrageur
· 7h ago
Coming again to the exchange rate defense battle? Is the Korean Won really unable to hold up? It feels like firefighting every year.
I bet five bucks that Lee Chang-yong's move tonight will still be a rate cut or intervention.
Wait, will the US-Korea agreement affect my positions...
The central bank's move seems a bit rushed, and the market has sniffed out blood.
The real showdown is at 10 PM. Anything said now is just pointless.
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SerumSqueezer
· 7h ago
The Korean won is about to take a hit again; the central bank is really going all out.
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SandwichTrader
· 7h ago
Is the Korean Won about to be hit again? Chairman Lee is so eager to speak out, probably scared by the Fed's hawkish stance.
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MysteriousZhang
· 7h ago
Won Korean Won is facing another defense battle? Sounds pretty mysterious, but if we can stabilize this wave, it would be incredible.
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.