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How to Decode Policymakers' Comments on the Rapidly Falling Korean Won [Yahoo! Finance]
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(Bloomberg) -- Policymakers in Seoul have stepped up their commentary on the won as the currency weakens rapidly, briefly touching a key level of 1,400 per dollar for the first time since late 2022. Most Read from Bloomberg Dubai Grinds to Standstill as Cloud Seeding Worsens Flooding US Yields Spike as Hawkish Powell Puts 5% in Play: Markets Wrap China Tells Iran Cooperation Will Last After Attack on Israel What If Fed Rate Hikes Are Actually Sparking US Economic Boom? Powell Signals Rate-Cut Delay After Run of Inflation Surprises South Korean authorities early Wednesday said they share “serious concerns” with Japan on the recent weakness of their currencies and that they can take “appropriate steps” to counter drastic volatility. Bank of Korea Governor Rhee Chang-yong said the central bank is “ready to deploy” stabilizing measures. The comments came after Korea issued a rare warning on Tuesday that officials are closely watching currency movements and that one-sided
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