South Korea's foreign exchange reserves have dropped to the lowest level in five years ...Middle East

The Bank of Korea cited FX swap operations with the national pension fund as a key factor behind the drop, aimed at easing dollar demand. The decline came as the Korean won rebounded 3.3% in April after briefly hitting a 16-year low due to new U.S. tariff policies.

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KRW update - Asia currencies have spurted higher against the USD since:

This article was written by Eamonn Sheridan at www.forexlive.com.

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