Foreign Exchanges

Foreign Exchanges

FX Week in Review

The Week in Review: March 4-10, 2023

Saudi Arabia and Iran agree to restore diplomatic relations, South Korea reaches a deal with Japan on victims of forced labor during WW2, and more

Kendrick
Mar 12, 2023
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This week, Saudi Arabia and Iran agreed to restore bilateral diplomatic relations, with China’s help. Thousands of Tunisians protested President Kais Saied’s continuing slide towards authoritarianism. A new report accused an unspecified “pro-Ukrainian group” of bombing the Nord Stream gas pipelines. South Korea announced the terms of its agreement with Japan to compensate victims of forced labor during World War II, to significant public criticism. And, Iran and the IAEA reached an ‘agreement’ on how to proceed following the detection of 84 percent enriched uranium in Iran last month.

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