FX.co ★ South Korean Won Falls on Political Woes

The South Korean won declined to approximately 1,467 per dollar on Monday as market sentiment deteriorated amid ongoing political developments related to the court ruling on the president's impeachment. This occurred following the reinstatement of Prime Minister Han Duck-soo as acting leader, with South Korea's Constitutional Court deciding to restore his powers, adding a new dramatic turn to the country's political scenario. The downward pressure on the won was further intensified by fears of impending reciprocal tariffs from U.S. President Donald Trump, scheduled to take effect on April 2. Nonetheless, Trump indicated possible "flexibility" regarding the tariff plans, while recent reports hinted that the scope of the tariffs might be more constrained than initially expected, potentially excluding certain industries from the full impact.