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South Korea FX reserves increase in July after four months of decline

03 Tháng Tám 2022
South Korea FX reserves increase in July after four months of decline © Reuters. FILE PHOTO: An aerial view shows apartment complexes in Seoul, South Korea, October 5, 2020. REUTERS/Kim Hong-Ji

SEOUL (Reuters) - South Korea's foreign exchange reserves increased slightly in July, central bank data showed on Wednesday, ending four straight months of decreases led partly by authorities' dollar-selling intervention to support the won.

The country's foreign exchange reserves, measured in U.S. dollars, increased in July by $0.33 billion to reach $438.61 billion at the end of the month, the Bank of Korea said in a statement.

It was the first monthly increase after a combined $23.49 decrease in last four months and only a second one since October 2021.

The BOK said the increase resulted from foreign asset investment returns and an increase in financial institutions' foreign currency deposits that offset a decrease in converted value of non-dollar assets.

The won weakened less than 0.1% against U.S. dollar in July, following a 4.7% slump in the previous month.

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12-08-2022 16:02:03 (UTC+7)

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 USD/JPY133.26Buy
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 EUR/JPY137.26↑ Buy
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 Gold1,802.40↑ Sell
 Silver20.273↑ Sell
 Copper3.6945↑ Sell
 Crude Oil WTI94.09↑ Sell
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 US Coffee C221.68Neutral
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 FTSE 1007,505.27Sell
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 BASF43.910Neutral
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 Allianz180.89↑ Buy
 Adidas170.95↑ Sell
 Lufthansa6.603↑ Sell
 Siemens AG111.84↑ Sell
 Deutsche Bank AG8.972↑ Sell
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Cập nhật 12-08-2022 16:02:09
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Cập nhật lúc 15:55:55 12/08/2022
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