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South Korea is moving to increase transparency of its foreign exchange market, including possibly disclosing records of central bank intervention, to avoid being labeled a currency manipulator by the US. No decision on details has been made, and the US Treasury's next semiannual currency report is due in April.
The Bank of Korea governor said a designation as manipulator is unlikely under US law but cannot be ruled out.
A possible currency manipulation label could shift won exchange rates and the cost of dollar-denominated feed imports for Korean buyers. The outcome depends on the April Treasury report, so the near-term price effect is limited.
koreaherald.comKim Kyung-hoMar 28, 2018Not 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.
