Bank of Korea (BOK) Governor Rhee Chang-yong said Tuesday that the Korean won is unlikely to return to past levels "for some time" amid the political crisis."It would be difficult to return to the levels seen in the past for some time," Rhee told lawmakers during a parliamentary strategy and finance...
The Goldman Sachs Group Inc. Global Foreign Exchange (FX), Rates and Emerging Markets Strategy Head Kamakshya Trivedi told CNBC on Tuesday that the tariffs United States President-elect Donald Trump said he will impose on parties such as China, Mexico and Canada could lead to volatility in...
Japan's Finance Minister Shunichi Suzuki (pictured) said Tuesday that the foreign exchange rate should be left to the market. He did not indicate any immediate plans for future yen intervention, signaling that market forces should primarily guide the yen's value.
Speaking to reporters, he...
Japan's Finance Minister Shunichi Suzuki emphasized that foreign exchange rates are influenced by multiple factors beyond just monetary policies and interest rate differentials.
Speaking on Tuesday, Suzuki noted that geopolitical risks, market sentiment and other elements also play a role, adding that...
Bank of Japan (BoJ) Governor Kazuo Ueda stated on Wednesday that the institution will keep lifting its interest rates if the economic outlook determines it is needed.Speaking at a press conference, Ueda added the bank will adjust its plans on bonds if necessary. Commenting further on the rates, Ueda...
The Japanese government intervened in the foreign exchange (forex) market earlier in the day to prevent further volatility the yen has been experiencing lately, TV Asahi reported on Thursday.The government sources that spoke to the broadcaster did not reveal the details of the...
The finance ministers of Japan and South Korea, Shunichi Suzuki (pictured right) and Choi Sang-mok (pictured left), respectively, agreed on Tuesday to take "appropriate actions" to combat the volatility the yen and the won have been experiencing recently in the foreign exchange market.According to...
The Japanese yen recorded losses in its value on Tuesday and went down to the level of ¥150 per one United States dollar in New York trading.
The move came after Federal Reserve Bank of Cleveland President Loretta Mester hinted at the possibility of the US central bank raising its key interest...
The People's Bank of China (PBoC) vowed on Friday that it will strengthen the supervision to "curb speculation" in the foreign exchange market. Besides, the institution vowed it will intensify "the mechanisms" to maintain its basic stability.
"China's foreign exchange market stable and healthy...
Russia's Finance Ministry and Central Bank (CBR) are considering limiting the purchase of foreign currency in the domestic market to protect the ruble from volatility, head of the former agency's Financial Policy Department Ivan Chebeskov told Vedomosti on Monday.
According to Chebeskov, the...
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