South Korea finance minister says watching forex market closely


© Reuters. FILE PHOTO: South Korean 10,000 won note is seen on U.S. 100 dollar notes in this picture illustration taken in Seoul

GOYANG (Reuters) – South Korea’s finance minister said on Wednesday the government is closely watching currency markets as the won and other emerging currencies are weakening against the U.S. dollar.

Speaking to reporters in Goyang, just outside of Seoul, Kim Dong-yeon said the government will act to stabilize the foreign exchange market if needed.

The won is trading at a four-week low of 1,079.3 per dollar as of 0347 GMT.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Comments

comments