简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:South Korea's foreign exchange reserves measured in U.S. dollars shrank by the most in more than two years in April
South Korea's foreign exchange reserves measured in U.S. dollars shrank by the most in more than two years in April on the dollar's strength and dollar-selling intervention by the authorities, data showed on Wednesday.
The country's foreign exchange reserves stood at $449.30 billion as of the end of April, down $8.51 billion from $457.81 a month before, the Bank of Korea said.
It was the biggest monthly fall in the amount of foreign exchange reserves valued in U.S. dollars since March 2020. Please download WikiFX for more forex news.
The Bank of Korea in a statement attributed the decline to a stronger U.S. dollar and “measures to ease volatility in the foreign exchange market”, a phrase often used to describe intervention by the authorities.
It did not elaborate on the intervention.
The won fell 3.5% against U.S. dollar last month, logging the fastest monthly fall since October 2016.
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.
Is Exness legal in India? Learn about Exness' regulatory standing, the role of SEBI and RBI in India, and the risks Indian traders face when using offshore brokers.
The SEC approved Nasdaq's proposal to list options for BlackRock's Bitcoin ETF (IBIT), opening the door to Bitcoin ETF options trading in the U.S. markets.
FXOpen adds EUR/ZAR and USD/ZAR pairs for high-volatility forex trading, giving traders access to South African markets on the MT4, MT5, TickTrader, and TradingView platforms.
The UK regulator, the Financial Conduct Authority (FCA), issued a warning against an unauthorized broker named OCTAL TRADE PRO. The FCA declared that the entity may offer or promote financial services or products without its license. The authority shared all the relevant details about this fake firm.