KRW

Bank of Korea unexpectedly cuts its base rate by 25bp

• Down to 3.0% from 3.25%

Intervention effort - South Korea pension fund selling dollars, buying won in recent weeks

• Info via a Reuters report citing unnamed sources

Bank of Korea Expected to Hold Base Rate; USD Strength Cited as a Reason

• 34 of 38 economists predict Bank of Korea to keep base rate steady at 3.25% in November

South Korea 1 - 20 November trade data: Exports jump 5.8% y/y

South Korea official says stock mkt decline a little excessive, will stabilize as needed

• Equity market intervention

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

• Excessive volatility noted

South Korean October headline CPI is the lowest in more than 3.5 years

• South Korea inflation data for October 2024

North Korea fires off another ballistic missile

• Kim: Stop watching the US election., look at me instead!

Asian FX & rates could be especially sensitive to the US election result

• Korean won, Thai baht and Chinese yuan eyed

North Korea says its ICBM test set new records

• It did, it flew at an altitude over 7,000km, covered a range of 1,000km and had the longest flight time

North Korea have fired off another ballistic missile

• South Korea media (Yonhap) with the info

Bank of Korea Governor says not short on ammunition to stabilise FX

• Sheesh ... always eye-catching when someone in Korea is talking about piles of ammunition, thankfully an analogy this time

More Asia FX verbal intervention - not the yen again (South Korea)

• An official from the Bank of Korea

Asia FX verbal intervention comments - not on the yen! (South Korea)

• South Korean finance minister

Bank of Korea official says IT exports slowing, and many uncertainties over exports

• A Bank of Korea official after the disappointing GDP and exports data earlier