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The exchange rate settled in the 1,440 won range… Foreign exchange authorities intervene – seems to be working through national pension currency hedging

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The won-dollar exchange rate plummeted for two consecutive trading days. Intraday

1420

Coming down to Wondae

50

It was the lowest figure in five days. This can be interpreted as the result of the National Pension Service’s strategic foreign exchange hedging following the foreign exchange authorities’ active intervention in the market. If the National Pension Service engages in currency hedging when the exchange rate is rapidly rising, it will have a similar effect to putting dollars on the market, causing the exchange rate to fall.

26

The won-dollar exchange rate in the Seoul foreign exchange market is compared to the previous trading day.

9.5

won down

1440.3

Weekly trading ended with won.

24

work

33.8

Following the plunge in the won, it fell again today, falling for two trading days.

43.3

Won(

2.9

%) fell. The closing price on this day was

11

4th day of the month (

1437.9

It is the lowest since Won).

https://n.news.naver.com/article/020/0003685006

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