USD/KRW bounces-off three-week lows despite BOK Lee’s upbeat comments

Following the launch of the South Korean GDP and inflation numbers, the Bank of Korea (BOK) Governor Lee Ju-yeol made some feedback on the financial improvement.

Lee said: “Solid financial recuperation primarily based on vaccinations.”

Earlier on, South Korean CPI steadied at 2.6% YoY in August whilst coming in at 0.6% MoM.

Meanwhile, the core CPI rose by using 1.3% YoY, achieving the best degrees in 9 years.

The country’s GDP improved through 0.8% QoQ and 0.6% YoY.

Market reaction
Despite the upbeat remarks from the BOK Chief and monetary data, the South Korean received (KRW) stays closely offered.

USD/KRW is bouncing off three-week lows of $1,155.14, presently buying and selling at 1,159.41, up 0.34% on the day.


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