South Korea FX Swap Points Rise Across All Terms on July 13, 1-Year Tenure Up 0.50 Won

According to Yonhapinfomax, South Korea's FX swap points rose across all tenures on July 13, with the 1-year term closing at -14.10 won, up 0.50 won from opening price. The 6-month and 3-month tenures rose to -7.30 won and -3.35 won respectively. A dealer at a major Korean bank attributed the gains to strong Sell&Buy demand driven by expectations of a Bank of Korea rate hike on July 16 and anticipated U.S. inflation moderation, which narrowed the Korea-U.S. interest rate differential.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments