FX.co ★ SK Won Hold Gains on US-China Trade Hopes

The South Korean won maintained its recent appreciation, trading at approximately 1,395 per dollar on Monday. This stability comes in the wake of positive market sentiment following the high-level trade negotiations between the United States and China in Geneva over the weekend. Although specific details of the discussions remain undisclosed, both countries have reported achieving "substantial progress" in their efforts to alleviate trade tensions. US Treasury Secretary Scott Bessent characterized the talks as productive, while Chinese Vice Premier He Lifeng acknowledged reaching an "important consensus." Investors are eagerly anticipating more information regarding the trade agreement, with a joint statement from both nations expected to be released later today. On the domestic front, official campaigning for South Korea's presidential election, scheduled for June 3, commences Monday after the completion of candidate registration. This marks the beginning of a 22-day period dedicated to public outreach.