Authorities step up FX stabilisation push – Societe Generale

Authorities step up FX stabilisation push – Societe Generale

Societe Generale highlights that South Korean authorities have launched a multi-pronged FX stabilisation package to address short-term USD funding stress and speculative pressures on the Korean Won. Measures include a temporary FX stability levy exemption, enhanced interest on excess FX deposits, and tighter oversight of major FX banks. Officials are also urging exporters to accelerate […]

Fed, BoJ, BoE and RBA decisions take center stage

Fed, BoJ, BoE and RBA decisions take center stage

The US Dollar Index (DXY) lost ground during the week, down 0.27% to trade near the 99.80 level as investors prepared for a heavy central bank calendar the following week. US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest […]

Supported by equities and hawkish BoK – BBH

Supported by equities and hawkish BoK – BBH

Brown Brothers Harriman’s Elias Haddad highlights strong South Korean asset performance, with South Korean Won (KRW) outperforming and the KOSPI up sharply on AI-led semiconductor strength. The Bank of Korea’s (BoK) Governor Shin Hyun Song delivered hawkish guidance, emphasizing the need to prioritize price stability. BBH notes that a 25 bps hike to 2.75% at […]