FX.co ★ South Korean Won Rises on Rate Hold Decision

The South Korean won appreciated to approximately 1,374 per dollar on Thursday, rebounding from the losses seen in the previous session as investors turned their attention to domestic monetary policy developments, buoyed by a weaker dollar. The Bank of Korea opted to keep its benchmark interest rate steady at 2.50% during the meeting held on July 10, reiterating a cautious policy approach amid rising concerns about high household debt and surging home prices. These financial stability risks have necessitated the implementation of tighter mortgage regulations. Looking forward, any further adjustments in policy are expected to depend on changing patterns in consumer demand, housing market trends, and external factors, such as ongoing trade tensions and U.S. tariff policies.