Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Politics › Exclusive-Dollar demand estimated at $1.5 billion...
Politics

Exclusive-Dollar demand estimated at $1.5 billion cleared in South Korea -source

Exclusive-Dollar demand estimated at $1.5 billion cleared in South Korea -source
Channel News Asia Wednesday 10 June 2026, 05:42 UTC 1 min read
Key Points

Exclusive-Dollar demand estimated at $1.5 billion cleared in South Korea -source SEOUL, June 10 : The massive demand for foreign exchange conversions tied to SpaceX's IPO, which has weighed heavily on the South Korean won in recent weeks, has been cleared, a source familiar with the matter told Reuters on Wednesday. The estimated $1.5 billion in orders for dollar purchases has reached its final stage, said the source who has information on dollar-won onshore market transactions.

Exclusive-Dollar demand estimated at $1.5 billion cleared in South Korea -source SEOUL, June 10 : The massive demand for foreign exchange conversions tied to SpaceX's IPO, which has weighed heavily on the South Korean won in recent weeks, has been cleared, a source familiar with the matter told Reuters on Wednesday. The estimated $1.5 billion in orders for dollar purchases has reached its final stage, said the source who has information on dollar-won onshore market transactions. The source asked not to be named because of the sensitivity of the matter.
South Korea (LOCATION) South Korea -source (LOCATION) SEOUL (LOCATION) SpaceX (ORG) IPO (ORG) the South Korean (LOCATION)
Originally published by Channel News Asia Read original →

Related Stories

Ex-David Cameron aide Steve Hilton makes final two in California governor’s race

Politico EU 7m ago

Child neglect being 'hushed up' in outback communities, says ex-minister

Former NT Minister claims child neglect is being 'hushed up' in Northern Territory Indigenous communities Wed 10 Jun 2026 at 5:21pm Growing up in Yuendumu in the 1960s, Bess Nungarrayi Price recalls a childhood surrounded by family, connected to the bush, far from the threats of alcohol and drugs. The former Northern Territory government minister believes that sense of safety is no longer present in the remote and urban Aboriginal communities of Central Australia.

ABC Australia 27m ago

After $7 billion in losses, Boeing and the Air Force claim refueling tanker plane is finally fixed

After $7 billion in losses, Boeing and the Air Force claim refueling tanker plane is finally fixed Boeing and the Air Force have spent years trying to fix the tanker's remote vision system (RVS), critical for midair refueling with its boom - Bookmark - CommentsGo to comments The U.S. Air Force is confident a fix has been found for long-running troubles with a key system on Boeing's KC-46 aerial refueling tanker, Air Force Secretary Troy Meink told a Senate subcommittee on Tuesday. Boeing and...

The Independent World 29m ago

UFC denies Strickland banned from White House fight

UFC chief executive Dana White says "nobody has been banned" from attending Sunday's UFC Freedom 250 event at the White House.

BBC Sport 30m ago