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 increased slightly in July, central bank data showed on Wednesday, ending four straight months of decreases led partly by authorities’ dollar-selling intervention to support the won.
The countrys foreign exchange reserves, measured in U.S. dollars, increased in July by $0.33 billion to reach $438.61 billion at the end of the month, the Bank of Korea said in a statement.
It was the first monthly increase after a combined $23.49 billion decrease over the last four months and only a second one since October 2021.
The BOK said the increase resulted from foreign asset investment returns and an increase in financial institutions foreign currency deposits that offset a decrease in converted value of non-dollar assets.
The won weakened less than 0.1% against U.S. dollar in July, following a 4.7% slump in the previous month.
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.
South Korea enforces life sentences for $4M crypto crimes as part of new regulations to safeguard the digital asset market under the Virtual Asset Users Protection Act.
The Malaysian ringgit saw a slight retreat against the US dollar on Thursday, pulling back from its recent rally as investors cashed in profits following its substantial appreciation.
eToro acquires Spaceship for $80 million AUD to boost superannuation and managed funds in Australia, expanding product offerings and investment accessibility.
Founded in 2011, G4 Markets has positioned itself as a comprehensive investment platform catering to a global audience. Operating under G4 Markets Ltd., an International Business Company (IBC) incorporated in Saint Vincent and The Grenadines, the broker claims to provide a wide array of trading instruments, including stocks, forex, cryptocurrencies, and copy trading.