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South Korea official says disclosing FX policy details could ease worries over 'currency ... SEOUL (Reuters) - A South Korean government official said disclosing details of actions taken by currency authorities is likely to ease concerns about the country being labeled a "currency manipulator" by the United States. "Disclosing the details is likely to take some steam off (the review)," a ...
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Rand weakens as Reserve Bank says currency is overvalued The rand weakened against the dollar in morning trade on Thursday, having lost ground against the greenback on Wednesday following a cut in the interest rates by the South African Reserve Bank, who said that it believed the local currency was overvalued. SARB dropped the repo rate by 25 basis ...
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Seoul denies it conceded currency policy in FTA revision talks with Washington Seoul has been working to be removed from Washington's watch list on currency manipulator. In the last report in October, Seoul avoided currency manipulator tag but remained on Washington's monitoring list in need of close watch for intentional currency devaluation. The Treasury Department ...
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US, South Korea revise 2012 trade agreement, affecting cars, steel, currency On Wednesday, the U.S. and South Korea announced an agreement "in principle" on "general terms" for amending the 2012 U.S.-Republic of Korea Free Trade Agreement (KORUS FTA). Under the new agreement, beginning May 1, South Korea would be exempt from a 25 percent U.S. tariff on steel.
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