South Korea NPS suspends FX hedging as won nears two-year high
South Korea’s National Pension Service has suspended foreign exchange hedging operations, a market source told Reuters, as the won strengthened to a near two-year high.
South Korea’s National Pension Service (NPS) has suspended foreign exchange hedging operations, a market source told Reuters on Monday, as the won strengthened to a near two-year high. The NPS is the world’s third-largest public pension fund and a major player in domestic financial markets.