S. Korea’s c. bank warns of prolonged trade war impact

South Korea’s central bank warned on Thursday that the trade war initiated by the US President could persist longer than anticipated, heightening the possibility of capital outflows and causing increased volatility in the dollar-won market.

The won’s value is heavily influenced by fluctuations in the yuan and dollar, potentially leading to increased volatility in the dollar-won exchange rate, the Bank of Korea (BOK) said in a monetary policy report.

Attribution: Reuters
Subediting: M. S. Salama