Korean regulations to keep won stable

The first regulation, introduced on January 16, restricts onshore banks from increasing long positions through NDFs by more than 110% of their outstanding position as of Thursday January 15. On January 19, Mofe announced that short positions through NDFs could not drop below 90% of short positions held as of January 16. "In other words, short position holders cannot take purchase over 10% above their holdings of their positions," said an Mofe official.

"The dollar selling of offshore players

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: