FX.co ★ South Korean Won Extends Fall

On Monday, the South Korean won fell beyond 1,440 per dollar, continuing its decline from the previous week due to the persistent strength of the US dollar amid easing US-China trade tensions. US President Donald Trump expressed a willingness to relax the 145% tariffs on Chinese goods, while China reciprocated by removing certain American products from its 125% tariffs. Nonetheless, the won's depreciation was somewhat mitigated after a recent meeting between the US and South Korea. During this meeting, US Treasury Secretary Scott Bessent described the discussions as "very successful." Recently, the US and South Korea reached an agreement to pursue a tariff-relief package scheduled for July, with negotiations anticipated to focus on significant sectors such as automobiles, shipbuilding, energy, and currency policy. Domestically, investors are looking ahead to a series of economic data releases in the forthcoming days—including figures on industrial output, retail sales, trade, and inflation—to acquire a clearer understanding of South Korea's economic condition amidst the ongoing influence of US tariff policies.