Economy
08 December 2023, 5:01 am 1 minute
Reuters exclusively reported that South Korea’s National Pension Service (NPS) and central bank are in talks to extend their foreign exchange swap programme that was due to expire in December, according to two government sources with direct knowledge of the matter.
Market Impact
Soon after Reuters reported on the swap extension, the won gained as much as 1.21% against the dollar in the onshore spot market, sharply rebounding from a more than three-week low.
Article Tags
Topics of Interest: Economy
Type: Reuters Best
Sectors: Economy & PolicyFX & Fixed Income
Regions: Asia
Countries: South Korea
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
Credit:
1: https://www.reutersagency.com/en/reutersbest/article/south-koreas-pension-fund-central-bank-to-extend-fx-swap-line/
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