FX.co ★ South Korean Won Little Changed as Dollar Holds Firm

The South Korean won remained stable at approximately 1,421 per dollar on Monday, exhibiting minimal movement from the previous trading session. This stability came as the US dollar maintained its strength, balancing the optimism regarding the advancement of US–Korea tariff negotiations. Meanwhile, the dollar's firmness was in line with the diminishing trade tensions between the United States and China, as officials from both nations worked to mitigate tariff-related risks before their upcoming meetings. Market participants are keenly anticipating the deferred US inflation data, expected to be released on Friday, as well as the anticipated rate cut by the Federal Reserve scheduled for next week. Domestically, Kim Yong-beom, the presidential chief of staff for policy in South Korea, announced significant progress in the country's trade talks with Washington, boosting sentiment towards Korean exports and overall trade conditions. Looking forward, traders are also closely monitoring the Bank of Korea's policy meeting on Thursday for any indications regarding interest rate trends and the bank's evaluation of external influences on the currency.