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Bank of Korea Governor Rhee said at an IMF seminar that last year's won-support currency intervention acted as a stabilizer, slowing a sharp depreciation in September and October that followed aggressive US rate hikes. He said it gave investors room to adjust rather than replacing sound economic management.
Central bank intervention to slow won depreciation limits short-term swings in the cost of dollar-priced feed imports for Korean buyers, though it does not change the underlying trend.
kitco.comApr 14, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
