The South Korean Won (KRW) extended its slide versus the US dollar (USD) following the forex intervention remarks from South Korea. South Korean Deputy Finance Minister was reported as saying that they will take steps if there are any abnormal moves seen in foreign exchange markets. His comments come after South Korea reported the worst economic growth in the first quarter since the Global Financial Crisis (GFC). South Korean Q1 2019 GDP arrived at -0.3% q/q vs. expected +0.3% q/q, worst since Q4 2008 while on an annualized basis, it arrived at +1.8 % (vs. expected of +2.5%. The USD/KRW cross hit the highest level since January 2017 at 1,161.39 on the forex intervention talks. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US Official: “We are working with partners to ensure sufficient oil supply in global market” FX Street 4 years The South Korean Won (KRW) extended its slide versus the US dollar (USD) following the forex intervention remarks from South Korea. South Korean Deputy Finance Minister was reported as saying that they will take steps if there are any abnormal moves seen in foreign exchange markets. His comments come after South Korea reported the worst economic growth in the first quarter since the Global Financial Crisis (GFC). South Korean Q1 2019 GDP arrived at -0.3% q/q vs. expected +0.3% q/q, worst since Q4 2008 while on an annualized basis, it arrived at +1.8 % (vs. expected of +2.5%. The USD/KRW… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
