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Tag: intervention

Korea cuts foreign bank forward limits

Korea cuts foreign bank forward limits

In order to contain volatility and strong appreciation of its currency, Korea has decided to cut bank limits on FX positions. The impact could see corporates move towards the FX swap and cross-currency swap markets to source dollar funding.
Nov 27, 2012
FX VOICE: How the BoK can curb the won

FX VOICE: How the BoK can curb the won

Korea warns against “excessive strength” of the won, hinting a willingness to intervene. What strategies has the country adopted in the past and how effective have they been? CT asks the experts.
Nov 26, 2012
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