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The Bank of Korea reported end-August reserves of $442.28 billion, up $14.33 billion from $427.95 billion, the biggest monthly increase since the series began in 1971 and the highest level since May 2022's $447.71 billion. The build came from a surge in financial institutions' foreign-currency deposits plus investment income and higher dollar-converted value of non-USD assets, which points to a softer DXY and gives authorities more room to cap USD/KRW volatility — a mild positive for KOSPI foreign inflows and for won-based risk appetite in crypto. Watch whether the FX deposit component sticks next month, since that item is volatile and can reverse quickly, and track DXY direction as the main driver of the non-dollar valuation gain.
As a Macro signal, watch whether it changes price action, volatility, or flows around KRW=X, KOSPI.
Original Source: 토큰포스트
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