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S. Korea, US agree to avoid manipulating exchange rates to gain unfair competitive advantage

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S. Korea, US agree to avoid manipulating exchange rates to gain unfair competitive advantage

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New update 2025.10.01 11:05
S. Korea, US agree to avoid manipulating exchange rates to gain unfair competitive advantage

update 2025.10.01 11:05

South Korea and the United States (US) released a joint statement on a foreign exchange policy agreement on Wednesday.

Key takeaways

South Korea, US agree to avoid manipulating exchange rates to gain unfair competitive advantage.

South Korea, US agree any macroprudential, capital flow measures will not target exchange rates - joint statement

South Korea, US to exchange fxFX intervention operations on monthly basis.

South Korea, US agree FX market intervention should be reserved for combating excessive volatility and would be considered for both disorderly depreciation and appreciation.

The joint statement does not mention bilateral currency swap, South Korea's state-run pension fund.

South Korean won erases early gains to turn lower after FX agreement with the US.


Date

Created

 : 2025.10.01

Update

Last updated

 : 2025.10.01

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