Plenty of 'intervention' type comments coming out of a nervous South Korea | Forexlive

South Korea’s finance minister, Choi Sang-mok, spoke at a meeting with top economic and financial policymakers to review the implications of the U.S. Federal Reserve’s policy meeting outcome.

• said authorities will respond in a timely manner if volatility heightens excessively
• government’s 24-hour monitoring system, which had been run to monitor the Middle East situation, would be expanded to cover financial and foreign exchange markets

Bank of Korea with similar:

• to steep up market monitoring
• will assess impact of new US administration

USD/KRW update:

This article was written by Eamonn Sheridan at www.forexlive.com.



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