Abstract:It was the biggest net selling of dollars by the Bank of Korea since its quarterly release began in the third quarter of 2019.
South Korea's central bank said on Thursday that it sold a net $8.31 billion in the first quarter to ease volatility in the foreign exchange market.
It was the biggest net selling of dollars by the Bank of Korea since its quarterly release began in the third quarter of 2019, and follows that of $6.89 billion in the last quarter of 2021 and $7.14 billion in the quarter before.
The Korean Won fell 1.92% against U.S. dollar during the period.
For more Forex news, please download WikiFX- the Global Forex Regulatory Inquiry APP.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Interactive Brokers has expanded trading hours for US Treasury bonds, now allowing trading for 22 hours daily.
Belgium's FSMA alerts the public to recovery room fraud, where scammers posing as professionals offer fake aid to recover losses from investment fraud.
The SEC cautions the public about TRADE 13.0 SERAX, an unlicensed investment platform using fake endorsements that solicits funds illegally in the Philippines.
Fintech start-up Midas has achieved a significant milestone by raising $45 million in equity funding, marking the largest Series A fundraising by a Turkish fintech firm, and the second largest across sectors.