#FX Market

Total 4 articles

Financial chart of KRW/USD with a background of a US-Korea meeting

US Treasury Secretary Scott Bessent Slams Korean Won Depreciation as 'Inconsistent' With Fundamentals

US Treasury Secretary Scott Bessent warns that the Korean won't depreciation is inconsistent with fundamentals, amid Korea's $350B investment pledge. BOK holds rates steady.

Jan 15, 2026

US Treasury Secretary Bessent and Korean Finance Minister meeting in Washington

EconomyEN

US Treasury Secretary Scott Bessent Calls Korean Won Depreciation Out of Sync with Fundamentals

U.S. Treasury Secretary Scott Bessent told S. Korean Finance Minister Koo Yun-cheol that the won's recent depreciation is out of sync with strong economic fundamentals.

Jan 14, 2026

EconomyEN

Bank of Korea Taps 12 Banks for 2026 Won-Yuan Market, Deepening Non-Dollar Trade

The Bank of Korea has named 12 market-making banks for the 2026 won-yuan direct trading market, a move aimed at reducing U.S. dollar dependency and cutting costs in trade with China.

Dec 26, 2025

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EconomyEN

Yen Jumps to 156 as Minister Signals 'Free Hand' for Intervention

The Japanese yen rallied to the 156-per-dollar level after Finance Minister Satsuki Katayama said Japan has a "free hand" to counter its depreciation, signaling a heightened risk of currency market intervention.

Dec 22, 2025