FX.co ★ South Korean Won Gains Amid Dollar Softness, APEC Summit

The South Korean won appreciated to approximately 1,430 per dollar on Monday, recovering from its over six-month low recorded in the previous session. This rebound was bolstered by a weaker dollar and heightened expectations about significant policy and trade developments. The dollar's decline came as investors anticipated the forthcoming Federal Reserve policy meeting this week, with forecasts suggesting a potential rate cut amid indicators of cooling inflation and decelerated economic growth in the United States. Meanwhile, optimism in South Korea grew as the nation prepares to host the APEC summit in Gyeongju, where President Lee Jae Myung is scheduled to meet with U.S. President Donald Trump and Chinese President Xi Jinping. Investors are keenly observing for updates on trade and tariff deliberations between Seoul and Washington, along with broader commitments related to supply chain and semiconductor cooperation that could bolster Korea's export prospects.