Bank of Korea Governor’s Statement on Won Unlikely to Return to Past Levels – What You Need to Know

Key Takeaways 💵 Bank of Korea governor believes the dollar-won exchange rate won’t return to past levels 📈 Difficulty in stabilizing the dollar-won rate 🕰 Market in a wait-and-see mood 🏛 President Yoon Suk Yeol’s martial law attempt caused economic uncertainty 📉 Won quoted at 1,427.8 per dollar, showing volatility 💰 South Korea’s central bank … Read more

Market Update: Aussie Drops as RBA Softens Tone, US Dollar Holds Steady Ahead of CPI Release

Key Takeaways 💰 Australian dollar decreased following RBA’s softer stance on inflation outlook 🇦🇺 RBA signals higher chance of earlier interest rate cut 🔍 Traders await U.S. inflation reading for clues on Fed easing 📉 Aussie reached near four-month low 🇨🇳 China’s loose monetary policy pledge impacts Aussie 💱 New Zealand dollar also drops in … Read more

Market Watch: Dollar Edges Up on CPI Data, Aussie and Kiwi Rise with China’s Influence

Key Takeaways: 💵 Dollar slightly up in skittish trading as investors await U.S. inflation data 📈 Australian and New Zealand dollars rally after China pledges "appropriately loose" monetary policy 🇨🇳 China to adopt loose monetary policy next year to support economic growth 📊 Main events this week include ECB policy meeting and China’s Central Economic … Read more