Japan and South Korea strengthen their $10bn currency swap deal to tackle yen and won weakness.
Japan and South Korea have agreed to strengthen their $10bn currency swap deal to address the persistent weakness in both the yen and won. The yen and won have been among the world's worst-performing currencies this year, partly due to receding expectations for a US interest rate cut. Both nations have warned they would intervene in currency markets if necessary to curb excessive volatility.
June 25, 2024
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