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FX.co ★ South Korean Won Weakens Amid Inflation Pressures

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typeContent_19130:::2025-07-02T03:10:54

South Korean Won Weakens Amid Inflation Pressures

The South Korean won depreciated to approximately 1,362 per dollar on Wednesday, notwithstanding the release of inflation data that exceeded expectations. Inflation for June was reported at 2.2% year-over-year, rising from 1.9% in May, which has influenced forecasts regarding the Bank of Korea's monetary policy direction. The unforeseen increase in consumer prices has led to speculation that the Bank of Korea may postpone any interest rate reductions. Ongoing inflation might necessitate a cautious approach, even as economic growth decelerates. This uncertainty has intensified domestic pressures on the currency. While global trade disputes and a moderately strong dollar continue to be influential, the recent depreciation of the won seems to chiefly reflect intensifying domestic concerns, particularly relating to inflation and the prospects for monetary policy.

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