Foreign exchange intervention

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US, South Korea agree not to target FX rates for trade advantage
Yahoo Financeยท 2025-10-01 00:22
SEOUL (Reuters) -The United States and South Korea agreed that foreign exchange interventions should be reserved for combating excessive volatility, without targeting exchange rates for competitive purposes, according to a joint statement released on Wednesday. The statement mirrors an agreement between the U.S. and Japan announced last month and does not include a bilateral currency swap line, requested by Seoul to address the foreign exchange implications of a $350 billion investment package included in ...