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The U.S. dollar has strengthened as investors move into safer assets, while higher oil prices and rising economic risks weigh on Asian currencies such as the Indian rupee and South Korean won.
President Trump has raised U.S. tariffs to an average of 15.2%, targeting Canada, Asia, and Europe, as part of his push to reshape global trade. Markets and currencies reacted with caution amid rising uncertainty.
South Korea is a country in East Asia, located on the southern half of the Korean Peninsula. It is bordered by North Korea to the north, the East China Sea to the east, the Yellow Sea to the west, and the Sea of Japan to the south. The capital and...
Currently, USD/KRW is trading close to recent highs, holding near the 3.1% above its 3-month average. Elevated risk-off sentiment driven by declining global risk appetite supports USD strength.
Currently, KRW/USD is holding near its 7-day lows around 0.000663, well below the 3-month average. The pair is supported by risk-off sentiment and USD safe-haven flows, which pressurize the South Korean Won.
Currently, KRW/JPY is trading close to recent lows within a very stable 3.6% range, held down by risk-off sentiment and safety demand for the yen.
Currently, KRW/INR is trading near recent highs, holding near 14-day highs just above its 3-month average. Trading within its recent range, the pair reflects risk-off sentiment, supported by increasing...
Currently, KRW/GBP is trading close to its 3-month average and near recent lows, supported by risk-off tones and currency volatility. Widespread risk aversion favours safe-haven currencies, which limits any sharp upside movement.
Currently, KRW/EUR is trading close to recent lows within its 3-month range, supported by risk-off sentiment. The pair is consolidating with little directional movement, suggesting near-term conditions are sideways.