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Market Impact: 0.25

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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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.15

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