Intervention effort - South Korea pension fund selling dollars, buying won in recent weeks ...Middle East

South Korea's National Pension Service (NPS) has been selling dollars in the onshore foreign exchange market in recent weeks, helping limit losses in the won as the dollar strengthens. Reuters citing according to two sources familiar with the matter.As the world’s third-largest public pension fund, with assets exceeding $810 billion, the NPS has significant influence on domestic financial markets.“The pension fund has been actively selling dollars in the spot market recently, likely linked to tactical FX hedging or portfolio rebalancing,” one source explained.Another source suggested that this month’s dollar sales were primarily driven by the need for portfolio rebalancing. “The fund must se

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Intervention effort - South Korea pension fund selling dollars, buying won in recent weeks ...Middle East

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