South Korean opposition parties submit impeachment bill against President Yoon, KRW rebounds

Dhwani Mehta FXStreet

Reuters is carrying a story on Wednesday, citing that South Korean opposition parties submitted an impeachment bill against President Yoon Suk Yeol.

The vote on the impeachment bill could take place either on December 6 or 7.

Market reaction

USD/KRW erases earlier gains to trade 0.25% lower on the day near 1,410 at press time. The pair jumped to fresh two-year highs near 1,445 on Tuesday amid the South Korean political instability.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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