USD/KRW
USD/KRW
1,341.38
-0.27% (-3.61)
Market read
The national pension fund, a large holder of foreign assets, is a major participant in won foreign-exchange flows, so a pause in its hedging changes one source of dollar demand or supply in the market. This could reduce a usual source of won-supportive or won-pressuring flow depending on which direction the hedging normally runs. Next up: MBA 30-Year Mortgage Rate.
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South Korea's pension fund has paused its foreign exchange hedging activity, according to a market source.
The national pension fund, a large holder of foreign assets, is a major participant in won foreign-exchange flows, so a pause in its hedging changes one source of dollar demand or supply in the market. This could reduce a usual source of won-supportive or won-pressuring flow depending on which direction the hedging normally runs.
Jin10·09/02, 02:09 PM
South Korea's foreign exchange stabilization fund reportedly purchased about $20 billion in funds that SK Hynix repatriated after its ADR listing, according to sources.
FinancialJuice·09/07, 09:26 AM
Low impactSouth Korea's pension fund has paused its foreign exchange hedging activity, according to a market source.
FinancialJuice·09/07, 07:13 AM
Low impactThe South Korean won reached its strongest level against the US dollar since October 7, 2024.
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