Moon Junghiu News Today

(Bloomberg) -- South Korea is likely to draw a line in the sand for the won at around 1,400 per dollar, as the currency approaches that key level again ahead of the Federal Reserve’s policy decision.Most Read from BloombergHunter Biden Convicted of Gun Charges by Jury in DelawareApple Hits Record After Introducing ‘AI for the Rest of Us’Dozens of CVS Generic Drug Recalls Expose Link to Tainted FactoriesPimco Warns of More Regional Bank Failures on Property PainStocks Rise as...

(Bloomberg) -- Bank of Korea Governor Rhee Chang-yong continued to push back against speculation of an early interest rate cut even as one of his board members flagged the possibility of easing policy in the next three months following the central bank’s stand-pat decision.Most Read from BloombergNvidia Surges After Company Proclaims AI Has Hit 'Tipping Point'Biden Touts $1.2 Billion in Student Loan Relief With Eye to 2024Tech Up in Late Hours on Nvidia’s Bullish Outlook:...

(Bloomberg) -- Investors are dusting off intervention playbooks once again as a resurgent dollar raises the specter of fresh efforts from officials to protect their currencies. Most Read from BloombergBlinken’s Return From Davos Was Delayed After Plane Broke DownYouTube and Spotify Won’t Launch Apple Vision Pro Apps, Joining NetflixPakistan’s Army Strikes Back at Iran as Both Sides Urge CalmAirstrikes on Yemen Bring New Level of Chaos to Shipping in the Southern Red SeaApple...

More intervention across markets is a legitimate concern.

INVESTORS are dusting off intervention playbooks once again as a resurgent dollar raises the specter of fresh efforts from officials to protect their currencies. Taiwan’s central bank issued a rare statement this week to calm investors after global funds slashed their holdings of the island’s stocks and the local currency…

More South Koreans are travelling to Japan and increasing their purchases of Japanese goods amid the yen’s weakness.

(Bloomberg) -- South Korea will begin accepting registrations from foreign investors to trade the won onshore, taking its first step to open up its currency market to global traders.Most Read from BloombergHundreds Dead at Gaza Hospital as Israel, Hamas Trade BlameIsrael Latest: Biden to Visit as Oil Climbs After Hospital BlastTreasury Yields Climb as Hot Data Fuel Fed Wagers: Markets WrapWill Xi Jinping’s Gamble on Vladimir Putin Pay Off?UPenn Donors Pile Pressure on School as David Mage...

An improvement in the nations shipments can be a leading indicator for the wider trend, though economists warn against drawing concrete conclusions from an incomplete set of monthly figures.

(Bloomberg) -- South Korean exports offered an early sign of improvement in global trade after their first year-on-year gain since last summer.Most Read from BloombergThese Are World’s Most Expensive Cities for High-Class LivingHedging Failure Exposes Private Equity to Interest-Rate SurgeNoises Detected in Search for Missing Titanic SubmersibleWhat We Know About the Missing Titanic SubmersibleTitanic Explorer Says Two Likely Disaster Causes Are Survivable. One Is NotPreliminary trade figu...

(Bloomberg) — South Korean exports offered an early sign of improvement in global trade after their first year-on-year gain since last summer. Preliminary trade figures showed a 5.3% gain in...