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In its regular monthly report of financial and monetary concerns, the Bank of Korea (BoK), the South Korean reserve bank, stated “previous financial policy modification in Japan had just minimal influence on won.”
Extra takeaways
” Personal usage in 2023 most likely to be weaker than anticipated.”
” Nation’s real estate rate decrease much faster than in other nations.”
” Domestic CP market healing to end up being more noticable moving forward.”
” Domestic home financial obligation falling without huge credit occasion issue.”
Market response
At the time of composing, USD/KRW is trading decently flat at around 1,232, having actually slipped from greater levels near 1,235.
Source: FXstreet.
