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US Treasury Secretary Janet Yellen met President Yoon Suk-yeol, the finance minister and the central bank governor during a two-day Korea visit. No major agreements were reached and a currency swap arrangement was not addressed.
Without a swap line, Korea's ability to defend the won is limited, which keeps currency pressure on Korean import costs, though the visit itself did not change prices.
koreajoongangdaily.comJIN MIN-JIJul 19, 2022Not 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.
