NPS Conducts Strategic Hedging as Won Hits 17-Year Low
South Korea's state pension fund is conducting currency hedging as the won hits 17-year lows. Sources say the fund is using high rates for strategic operations.
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The state-run pension fund of South Korea is currently conducting strategic foreign exchange hedging operations as the won hovers at 17-year lows. Two sources with direct knowledge of the matter confirmed on Tuesday that the National Pension Service (NPS) is utilizing the current high exchange rates as a tactical opportunity to manage its currency risk exposure.
