# S. Korea central bank Governor: Will respond when Won moves are too big — Octa

> Bank of Korea Governor Lee Ju-yeol said the central bank will respond when moves in the won are too large, while keeping its currency stance unchanged. He said monetary policy is not set on exchange rates alone. The People's Bank of China also set its USD/CNY midpoint at 6.5043, weaker than the previous 6.4920.

- Date: 2018-01-04 · published 2018-01-04T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/67220-s-korea-central-bank-governor-will-respond-when-won-moves-are-too-big-octa
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Intervention threats limit the won's rise, while the weaker yuan fixing signals Chinese currency policy that can affect Asian feed import costs. The price impact on feed commodities is modest.

## Read by commodity

- USDCNY: bullish ▲
- USDKRW: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2017-01-09 | [China cannot let yuan weaken over 25 pct - ex-central bank advisor](https://feedsoft.ai/events/10765-china-cannot-let-yuan-weaken-over-25-pct-ex-central-bank-advisor.md) | -0.3% | -0.5% |
| USDCNY | 2019-08-05 | [China's central bank denies devaluation is to counter tariffs](https://feedsoft.ai/events/5375-china-s-central-bank-denies-devaluation-is-to-counter-tariffs.md) | +1.8% | +3.1% |
| USDCNY | 2018-08-30 | [Macroscope \| China’s yuan sinks, but neither its central bank nor investors are showing signs of panic \| South China Morning Post](https://feedsoft.ai/events/63747-macroscope-china-s-yuan-sinks-but-neither-its-central-bank-nor-investors-are.md) | +0.2% | +1.0% |
| USDCNY | 2024-02-27 | [Yuan will likely remain weak as China continues to muddle through its structural challenges – Commerzbank — Octa](https://feedsoft.ai/events/31897-yuan-will-likely-remain-weak-as-china-continues-to-muddle-through-its.md) | +0.0% | +0.2% |
| USDCNY | 2020-02-20 | [Breaking: The People's Bank of China cut interest rates: AUD and Yuan sliding — Octa](https://feedsoft.ai/events/54798-breaking-the-people-s-bank-of-china-cut-interest-rates-aud-and-yuan-sliding-octa.md) | +0.3% | +0.7% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/526733/

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