# Yellen and Korean leaders agree to stabilize currency market

> 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.

- Date: 2022-07-19 · published 2022-07-19T12:00:00.000Z
- Category: policy · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/40727-yellen-and-korean-leaders-agree-to-stabilize-currency-market
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

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.

## Read by commodity

- USDKRW: neutral

## Sources

- koreajoongangdaily.com: https://www.koreajoongangdaily.com/business/yellen-and-korean-leaders-agree-to-stabilize-currency-market/10104175

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.