Bank of Korea Deepens Won Defense With $9.6 Billion FX Sale
South Koreaโs central bank sold a net $9.612 billion in foreign currency in the second quarter to cushion the won, extending a run of intervention that has now lasted seven straight quarters. The move came as the currency weakened 2.1% against the dollar, reflecting broad dollar strength, volatile global markets and renewed inflation risks for Asiaโs fourth-largest economy.
