South Korea warns it will proactively respond to herd like behaviours in the FX markets

<p>South Korea's Finance Minister with the forex intervention threat. </p><p>It comes as the Korean won has fallen to its lowest against the US dollar since March 2009. The KRW is not the only currency getting pummelled against the USD. The FOMC raised rates overnight, and promised much more to come. Recap ICYMI:</p><ul><li><a href="https://www.forexlive.com/news/forexlive-americas-fx-news-wrap-fed-hikes-by-75-bps-and-delivers-a-hawkish-dot-plot-20220921/" target="_blank" data-article-link="true">Forexlive Americas FX news wrap: Fed hikes by 75 bps and delivers a hawkish dot plot</a></li></ul>

This article was written by Eamonn Sheridan at forexlive.com.

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