In response, Biden acknowledged S.Korea's concern over the inflation reduction act.They reaffirmed cooperating on stabilizing markets if needed.USD/KRW catches fresh bid in early Asia and resumes its rally beyond 1,400. The Soiuth Korean won hit the lowest since early 2009 against the US dollar, despite jawboning by the government officials and the Bank of Korea Governor Rhee Chang-yong.
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Source: Financial Digest (financialdigest.net)
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