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Sunday, February 23, 2025
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    HomeForexFinancial institution of Korea governor says gained unlikely to return to earlier...

    Financial institution of Korea governor says gained unlikely to return to earlier ranges, Yonhap reviews

    SEOUL (Reuters) – South Korea's central financial institution governor stated it was tough for the greenback gained trade price to return to ranges seen previously, Yonhap information company reported on Tuesday.

    It’s tough to say that the greenback gained price has stabilized and the market is in a wait-and-see perspective, Financial institution of Korea Governor Rhee Chang-yong stated in a gathering with lawmakers, in keeping with the report.

    The gained was buying and selling at 1,427.8 per greenback at 0520 GMT, down from its earlier shut of 1,435.0 and a two-year low of 1,442.0 hit final week amid political unrest.

    See also  Asia FX Plunges as Chinese language Inflation Disappoints, Greenback Stabilizes
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