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South Korea plans a comprehensive review of its foreign exchange trading rules to keep dollar liquidity adequate during the coronavirus pandemic, Vice Finance Minister Kim Yong-beom said. Banks' foreign exchange liquidity coverage ratio was eased to 70% from 80% in March, and a $60 billion dollar swap line with the US Federal Reserve is in place.
Short-term external debt rose in the first quarter.
Measures to ensure dollar supply support the won and stabilise Korean financial markets, with little direct effect on feed commodity flows. The story is a policy signal rather than a price driver.
koreaherald.comYonhapMay 21, 2020Not 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.
