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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: S.Korea to intervene marginally in forex market Reuters - 2 hours 30 minutes ago SEOUL, Dec 3 - South Korean authorities would make only make marginal interventions in the foreign exchange market due to a rapid depletion of the country's foreign currency reserves, a top government official said on Wednesday. "South Korea does not have enough capacity for massive forex intervention. We will carry out smoothing operations in forex markets when necessary," Bahk Byoung-won, senior presidential secretary, told reporters. He said that the authorities have intervened infrequently in the forex market in recent days as it is hard to lift the won even with massive dollar injections into the market. His remarks came after official data showed early on Wednesday that the country's foreign reserves fell again by $11.7 billion to $200.5 billion in November, the lowest level in almost four years. Bahk also said that the government need to consider the possible negative impact of a sharp increase in treasury bond issuances on the financial market as a jump could lead to higher money market rates. (Reporting by Cheon Jong-woo and Seo Eun-kyung; Editing by Keiron Henderson) Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Business China currency issue heating up on eve of US talksAP - 17 minutes ago Russia daily c.bank swap limit at 5 bln roublesReuters - 27 minutes ago BRIEF-Sibir proposes to buy new real estate assetsReuters - 28 minutes ago India's Hero Honda sees sales under further pressureReuters - 29 minutes ago Oil rises slightly after plunging to 3-year lowAP - 32 minutes ago Most Popular – Business Viewed Wall Street plunges as recession becomes reality Sweden to come to rescue of struggling carmakers Saab and Volvo World stocks tumble as economic fears deepen Love handles increase death risk: study Saudi king says 75 dollar oil price 'fair' View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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