BoK Governor Rhee: Not worried about specific USD/KRW rate

“I’m not worried about the dollar/won exchange rate rising or falling to any specific level,” said Bank of Korea (BoK) Governor Rhee Chang-yong to Bloomberg TV early on late Thursday.

The policymaker also added that the bank's board members wanted to give a warning against betting on an early policy change due to uncertain inflation prospects.

It’s worth noting that the BoK left monetary policy unchanged with the benchmark rate at 3.5% earlier in the week.

USD/KRW licks its wounds

USD/KRW seesaws around the lowest levels in a week, making rounds to 1,300 by the press time, after falling the most in one month the previous day.

Also read: South Korea: BoK paused its tightening cycle in April – UOB