FX.co ★ South Korean Won Rallies to 4-Week High

The South Korean won strengthened to approximately 1,440 per dollar, marking its fourth consecutive session of gains and reaching a four-week peak. This upward movement follows the eagerly anticipated court decision on President Yoon's impeachment case, which has helped alleviate political unrest. The verdict from the Constitutional Court is expected later on Friday; should it lead to Yoon's removal from office, it will initiate a 60-day period for organizing a presidential election. This decision is poised to ease, if not altogether resolve, the protracted political instability that ensued after his brief enforcement of martial law in early December. Concurrently, a decline in the value of the US dollar has provided additional support for the won, as President Trump's broad imposition of tariffs has ignited concerns of a potential trade war and global economic downturn. In response, South Korea's Acting President, Han Duck-soo, has called for discussions with US authorities and has requested emergency measures to support businesses in mitigating the impact.