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Bank of Korea chief says won will level off if Middle East conflict eases

Bank of Korea chief says won will level off if Middle East conflict eases Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region.

Iran , Israel , China , Seoul , Soult-ukpyolsi , South-korea , Japan , United-states , Daishin , Kangwon-do , Chinese , Korea

BOK rate cut elusive amid high oil prices, plunging won

The prospect of a key rate cut by the Bank of Korea (BOK) is dimming, clouded by global commodity prices volatility, plunging Korean currency and slowing disinflation, market watchers said Tuesday.

Seoul , Soult-ukpyolsi , South-korea , Washington , United-states , Israel , Iran , Korea , Yoon-yeo-sam , Rhee-chang-yong , Yonhap-bank

Value of Korean won down 7.3% in 2024, a steeper plunge than during 2008 crisis

Even in 2008 and 2009, during the global economic crisis, the greatest rates of increase within a three-month period were 6.9% and 5.8%, respectively

Brazil , Sweden , South-korea , Australia , Seoul , Soult-ukpyolsi , Switzerland , Chile , World-bank , District-of-columbia , United-states , United-kingdom

Opposition-led calls for increased budget raise fiscal soundness concerns

Criticism is mounting against the main opposition party's move to railroad the provision of blanket per capita cash handouts of 250,000 won ($185) across the country.

Seoul , Soult-ukpyolsi , South-korea , Washington , United-states , Korea , Lee-jae-myung , Yoon-suk-yeol , Rhee-chang-yong , National-assembly-in-yeouido , Democratic-party-of-korea , National-assembly

Korean currency logs sharpest fall of over 7 pct in 2024 since global financial crisis

SEOUL, April 21 (Yonhap) -- The South Korean currency has dropped more than 7 percent agai...

Switzerland , Brazil , Sweden , Argentina , South-korea , United-states , Seoul , Soult-ukpyolsi , Russia , Ukraine , Japan , Chile

Korean currency records steepest decline of over 7% in 2024 since global financial crisis

The Korean currency has dropped more than 7 percent against the U.S. dollar so far this year, marking the sharpest fall since the 2008 global financial crisis amid geopolitical uncertainties and the resurgent dollar, data showed Sunday.

South-korea , Seoul , Soult-ukpyolsi , Switzerland , Argentina , Brazil , United-states , Chile , Japan , Sweden , Russia , Ukraine

BOK chief says won will level off if Middle East conflict eases

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...

United-states , Daishin , Kangwon-do , South-korea , China , Iran , Israel , Japan , Korea , Japanese , Chinese , Rhee-chang-yong

Political heat prods Japan, South Korea to team up on weak currencies

Political heat prods Japan, South Korea to team up on weak currencies
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South-korea , World-bank , District-of-columbia , United-states , Tokyo , Japan , Seoul , Soult-ukpyolsi , Beijing , China , Washington , Korea

BOK chief predicts Korean won stabilisation if Middle East conflict eases

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 […]

Daishin , Kangwon-do , South-korea , Japan , United-states , Israel , China , Iran , Japanese , Korea , Chinese , Rhee-chang-yong

IMF tells Asian central banks not to follow Fed too closely | Hellenic Shipping News Worldwide

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.

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