Japan Signals Readiness to Act on Yen as Intervention Speculation Grows 
US Stock Futures Hold Steady Ahead of June Jobs Report as Fed Rate Outlook Remains in Focus 
Mary Daly Says AI Uncertainty Clouds Fed Rate Outlook Despite Restrictive Policy 
South Korea Warns Won Is Undervalued, Boosts FX Coordination With Japan 
New Zealand Consumer Confidence Rises in June as Inflation Expectations Ease 
Gold Price Today: Bullion Heads for First Weekly Gain as Weak U.S. Jobs Data Eases Rate Hike Fears 
Wall Street Ends Mixed as Weak Jobs Data Lowers Fed Rate Hike Bets, Chip Stocks Tumble 
Asian Currencies Stay Under Pressure as Dollar Holds Near 13-Month High Ahead of U.S. Jobs Report 
Moody’s Says Peru’s President-Elect Keiko Fujimori Could Boost Investor Confidence 
Goldman Sachs Says China Competition Weighs More on EU Growth Than Trade Deficit 
Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027 
Trump Administration Declines USMCA Renewal, Opens Talks on New Trade Changes 
U.S. Dollar Drops as Weak Jobs Data Boosts Fed Pause Bets, Yen Jumps on Intervention Talk 
Denmark Central Bank Intervenes to Support Krone Peg Against Euro 
JPMorgan Cuts Gold Price Forecast, Sees Bullion Reaching $4,500 by End of 2026 
Oil Prices Steady as U.S.-Iran Talks Ease Supply Fears Ahead of Holiday Weekend 
Gold Price Surges Above $4,120 as Weak US Jobs Data Lowers Fed Rate Hike Expectations 
South Korea's Financial Service Commission (FSC) blamed the high market volatility caused by the pandemic for the postponement of its sale of Korea Deposit Insurance Corp.’s (KDIC) stake in the Woori Bank.
The FSC, which controls the sale of state-owned firms and shares, planned to sell off the stake in the first half of 2020.
According to an FSC subcommittee, the stock market plunged amid the pandemic, while the US presidential election campaigns aroused market uncertainty.
It added that the plan to sell Woori Bank stakes completely would be carried out by 2022.
Woori Financial‘s stock price hit a low of 6,320 won in March amid the stock market plunge.
The KDIC has been silent about its target price for the Woori Bank sale.
The price of a Woori share should be sold at least 12,000 won to enable the South Korean government to retrieve investment in the bank.
