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9 Dec 2024

South Korea to announce measure to improve FX liquidity before end of December

South Korea's finance ministry and regulators said Monday they will make all-out efforts to stabilise financial markets by implementing previously stated contingency plans and preparing new steps to increase foreign currency market liquidity by the end of December, per Reuters. 

South Korean authorities further stated that they will work with the Bank of Korea (BoK) on the outright purchase of Korea Treasury Bonds (KTBs) if needed. 

Market reaction

At the time of writing, the USD/KRW pair is trading 0.12% higher on the day to trade at 1425.38. 

 

Dec 9, 2024

AUD/USD holds positive ground near 0.6400 as traders await RBA rate decision

The AUD/USD pair gains ground to around 0.6400 on the weaker US Dollar (USD) during the Asian session on Monday.
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Dec 9, 2024

PBOC sets USD/CNY reference rate at 7.1870 vs. 7.1848 previous

On Monday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1870, as compared to Friday's fix of 7.1848 and 7.2627 Reuters estimates.
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