According to reports, South Korea's Assistant Minister of Finance, Moon Jisung, will visit the United States to meet with senior officials from the U.S. Treasury Department.
The South Korean won is facing increasing depreciation pressure due to heightened tensions in the Middle East and foreign investors selling off South Korean stocks.
A personal visit to the U.S. by a senior official in charge of foreign exchange policy is a relatively uncommon occurrence.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments