South Korea and US Strike a Silent Deal to Keep Currency Wars in Check—What This Means for Global Markets!
Ever wonder what happens when two economic powerhouses like South Korea and the United States shake hands on currency policy? It’s not just a diplomatic handshake — it’s a high-stakes dance with global markets watching every step. This week, they dropped a pretty tight joint statement promising no funny business with exchange rates, agreeing to keep interventions clean and transparent. But here’s the kicker — despite the commitment, the South Korean won didn’t exactly throw a party; it lost its early gains and reversed course almost immediately. Makes you think, right? Are these agreements more about calm talk than actual market magic? Stick around as we peel back the layers on what this could mean — from FX interventions to those subtle signals sent across the trading pits. LEARN MORE
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.
Market reaction
The South Korean Won (KRW) erased early gains to turn south after FX agreement with the US, with USD/KRW spiking from 1,402.50 to as high as 1,409.45 in the last hour. The pair is up 0.20% on the day, as of writing.
Zesty Paws Dog Allergy Relief - Anti Itch Supplement - Omega 3 Probiotics for Dogs - Digestive Health - Soft Chews for Skin & Seasonal Allergies - with Epicor Pets - Bison - 90ct
$32.97 (as of October 2, 2025 03:00 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Nespresso Capsules Vertuo, Barista Flavored Pack, Medium Roast Coffee, 30 Count Coffee Pods, Brews 7.8oz.
$42.00 (as of October 2, 2025 03:07 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Lay's Barbecue Flavored Potato Chips, 40 Count
$21.86 (as of October 2, 2025 03:05 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Bedsure Calming Dog Bed Medium Size Dog - Donut Washable Medium Pet Bed, 30 inches Anti-Slip Round Fluffy Plush Faux Fur Cat Bed, Fits up to 45 lbs Pets, Camel
$39.99 (as of October 2, 2025 03:00 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Post Comment