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Korea FX Reserves Swell by Record $14.3 Billion in August
Source: Bloomberg
Currency & FXEconomic DataBanking & Liquidity
South Korea’s FX reserves increased by a record $14.33B in August, driven by a rise in commercial banks’ foreign-currency deposits at the central bank. The update supports near-term external liquidity conditions and is modestly supportive for KRW/FX sentiment, but it is unlikely to be a market-wide shock.
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