Tag: currency rally
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Bessent’s Candid Call: Rare U.S. Verbal Support Lifts Korean Won Amid Slide
Overview: A Rare Intervention Sparks Market Reactions In a development that caught traders’ attention, Treasury Secretary Scott Bessent on Wednesday publicly acknowledged the sharp decline in South Korea’s won, framing it as excessive and warranting consideration from global policymakers. The comment, notable for its rarity, contrasted with the usual reticence of U.S. officials when discussing…
