Korea Official Warns Won-Dollar Rate Deviates From Fundamentals
2026-07-10 10:25

Woofun AI reports that Moon Ji-sung, a South Korean Ministry of Economy and Finance official overseeing exchange rate policy, stated on Friday that the current USD/KRW rate remains inconsistent with economic fundamentals. He emphasized that authorities possess sufficient tools to stabilize the market if required. Moon further projected that domestic foreign exchange supply and demand dynamics will shift in the second half of 2026, driven by capital inflows from exporters’ dollar holdings via forward contracts.

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