Bloomberg Bank of Korea (BOK) Governor Rhee Chang-yong said the central bank will do its best to coordinate policy with the government to ensure the economy has a soft landing at a time when the country faces an array of headwinds from falling exports to a weakening property market. The BOK will monitor financial and foreign exchange markets closely ...

Bloomberg The dollar posted gains against nearly all its major peers as trading kicked off in 2023 after a seasonal holiday lull. Only the Japanese yen proved stronger than the greenback among Group-of-10 currencies, with the pound, euro and Swiss franc falling sharply. That saw the Bloomberg dollar spot index climb as much as 0.9%, putting it on track for ...

  Bloomberg The Swiss National Bank (SNB) made its first significant reduction of other currencies in more than a decade to shore up the franc as a firewall against imported inflation. The central bank cut its holdings of other foreign exchange by 739 million francs ($800 million) in the third quarter, following a 5 million-franc drop in the previous three-month ...