As the Fed adopts a cautious stance, market attention is turning towards the Bank ... Korea-U.S. trade, the likelihood of foreign exchange authorities tolerating the strength of the won has ...

January 16, 2025 Bank of Korea unexpectedly holds rate steady as political turmoil, won weigh South Korea's central bank unexpectedly left its policy interest rate unchanged on Thursday and ...

"It is still too early to say whether the currency exchange rate has hit the bottom," Bank of Korea Governor Rhee Chang-yong was quoted as saying, referring to the Korean won's value against the U ...

Investing.com -- The Governor of the Bank ... Korean won’s exchange rate against the U.S. dollar has reached its lowest point. In addition to this, Rhee indicated that the Bank of Korea (BOK ...

SEOUL: South Korea's foreign reserves posted a monthly ... year to the end of 2025 in an effort to support the weak won. The central bank also attributed the decline to a decrease in foreign ...

The US Federal Reserve held its key interest rate unchanged, adding pressure on the Bank of Korea’s rate-setting ... citing concerns about a volatile Korean won. The central bank is set to ...

According to the Bank of Korea, the average daily fluctuation in the won-dollar rate for April was 9.7 won, or 0.9 percent, marking the highest volatility since November 2022. "It is good to hear ...

Bank of Korea Gov. Rhee Chang-yong also pointed to this shift during a press conference in Milan on Monday, saying the strengthening of the won and other Asian currencies appears to be tied to ...

The central bank attributed the sharp ... and trade uncertainties, South Korea is facing various challenges in its economy. In early April, the South Korean won, which has been weakening following ...