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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 near 7-day lows around 1529, holding above its 3-month average of 1503. The dominant driver is the rate differential, with US rate hike expectations supporting USD in the medium term.
Currently, KRW/USD is trading close to recent highs near 0.000654, slightly below its 3-month average of 0.000665. The dominant driver is the rate differential, with US monetary policy expectations supporting USD strength.
Currently, KRW/JPY is trading close to its 90-day average near 0.1055, supported by risk-off conditions and stable trade levels. The pair has been consolidating within its recent range.
Currently, KRW/INR is trading close to recent highs, holding near the 14-day high just below the 3-month average. The pair has been consolidating within its recent range, supported by risk-off sentiment and geopolitical tensions.
KRW/GBP is currently trading close to the 3-month range lows, holding near 0.000490. The pair is supported by risk-off sentiment and the rate differential, but the overall bias remains sideways negative.
KRW/EUR is trading close to the 3-month average at recent highs, supported by neutral risk sentiment and a stable rate differential. Currently, the pair remains within its recent range and consolidating near 0.000572.