South Korea confirms US pressure on Asian currency appreciation? Director of the Chinese Academy of Economic Research: Reports differ from the original text

The appreciation trend has affected South Korea and Thailand, countries with which the US has a relatively high trade deficit, fueling speculation about concessions allegedly sought by the US.

The global exchange rate market is volatile. The New Taiwan dollar has appreciated strongly recently, and the Korean won has also appreciated against the US dollar. Many domestic media reported that the Governor of the Bank of Korea, Lee Chang-yong, said that the United States is pressuring Asian countries to appreciate their currencies. In response, Chung-Hua Institution for Economic Research President Lian Hsien-ming said that the original Kor…