Reuters on comments from Bank of Korea (BOK) Governor Lee Ju-yeol
- Stance on currency has not changed
- Will respect market but respond when movements are too big
- monetary policy is not decided on fx rates alone
BOK is concerned on the surging won
BOK is concerned on the surging won
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A joint statement from Qatari and Pakistani mediators confirmed the conclusion of constructive US-Iran talks in Switzerland, establishing a high-level political oversight committee and a strict 60-day roadmap to reach a final peace deal.
PBOC sets USD/ CNY reference rate for today at 6.8150 (vs. estimate at 6.7733). Chinese Loan Prime Rates were set: 1year 3% vs. expected and prior 3% 5 year 3.5% vs. expected and prior 3.5%
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Oil jumps $1+ on Strait of Hormuz fears; futures dip amid US-Iran tensions. Traders eye risk.
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Bank of Japan Deputy Governor Himono is set to appear in the Japanese parliament from 0000 GMT (2000 US Eastern time).
Hormuz ship transits fell to five on Sunday from 26 a day earlier after Iran again declared the strait closed, citing Israeli and US violations.
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