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South Korean Vice Finance Minister Lee Eog-won said uncertainty in international financial markets may rise due to global inflation and monetary policy normalization in major economies. The ministry will review normalizing some foreign exchange rules loosened during the pandemic, including FX derivatives rules.
USD/KRW held near 1,131 after the comments as FX liquidity improved.
Policy tightening of FX rules and global rate normalization add volatility to the won, which affects the cost of dollar-priced grain and meal imports for Korean buyers, though the immediate move was small.
octabroker.comJul 6, 2021Not 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.
