foreign exchange market News

Swiss National Bank on High Alert: Ready to Intervene as Franc Strengthens

Swiss National Bank Chairman Martin Schlegel reaffirms the bank's readiness to intervene in the foreign exchange market due to the Swiss franc's significant appreciation, aiming to...

Korea Opens Its Foreign Exchange Market Wider: Foreign Insurance Firms Now Welcome

Korea's MOEF has amended guidelines to allow foreign insurance firms into the domestic foreign exchange market, aiming to enhance participation and streamline transactions. This mo...

South Korea to Swiftly Execute $230M Second Value-Up Fund Amid Market Volatility

South Korea's Deputy PM Choi Sang-mok announced the prompt execution of a $230M second value-up fund and measures to improve the foreign exchange market, aiming to stabilize the ma...

Political Crisis Threatens to Prolong Korean Won Instability, Says BOK Governor

Bank of Korea Governor Rhee Chang-yong states that the Korean won is unlikely to stabilize soon due to the ongoing political crisis. Financial authorities pledge to mobilize resour...