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Bank of Korea's dollar auction from Fed swap not fully taken up - Metro US

Bank of Korea’s dollar auction from Fed swap not fully taken up

FILE PHOTO: The logo of the Bank of Korea is seen on the top of its building in Seoul

SEOUL (Reuters) – The Bank of Korea’s $10 billion auction of U.S. dollars for an 84-day term from the new currency swap with the Federal Reserve drew only $7.92 billion of bids, lent at 0.9080%, the bank said on Tuesday.

The bank’s $2 billion auction of dollars for a 7-day term drew $0.8 billion of bids, at 0.5173%.

(Reporting by Cynthia Kim, Joori Roh; Editing by Kim Coghill)

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