FX.co ★ South Korean Won Halts Decline

The South Korean won stabilized at approximately 1,427 per dollar on Monday, pausing its decline from the previous week. This steadiness was attributed to an improved regional risk outlook that bolstered the currency. Additionally, signs of a more moderate posture in US-China trade relations contributed to enhanced market sentiment, alleviating fears of potential tariff escalations. Complementing the positive atmosphere, government officials reiterated their commitment to fortifying economic cooperation with the United States. Industry Minister Kim Jung-kwan highlighted that Seoul is actively engaging in discussions with Washington to finalize the framework for Korea's investment package in the US.