Political heat prods Japan, South Korea to team up on weak currencies bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
Bank of Korea Governor Rhee Chang-yong, during his visit to the United States, projected the volatility of the won-dollar exchange rate would ease if the Middle East tension did not escalate further. The won-dollar exchange rate has been fluctuating heavily over the past few weeks, influenced by the strong demand for the greenback, with the anticipation that the US Federal Reserve will continue its aggressive monetar.
ANN/THE KOREA HERALD – Bank of Korea Governor Rhee Chang-yong during a visit to the United States (US) suggested the won-dollar exchange rate could stabilise if tensions in the Middle East subside. The exchange rate has been volatile lately due to high demand for the dollar, driven by expectations of aggressive monetary tightening by the […]
IMF tells Asian central banks not to follow Fed too closely | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
The won-dollar exchange rate may move toward stabilization if tensions in the Middle East do not escalate further, the chief of South Korea s central bank forecast Friday, noting many uncertainties stemming from developments in the region.