The South Korean won appreciated to around 1,384 per dollar on Monday, rising for the third consecutive session due largely to recent weakness in the dollar. This came amid a weak US jobs report and President Donald Trump’s abrupt dismissal of Bureau of Labor Statistics Commissioner Erika McEntarfer, developments that unsettled investors and reinforced expectations of imminent Federal Reserve rate cuts. On the domestic front, investor sentiment remained cautious as uncertainties lingered over unaddressed non-tariff barrier issues between South Korea and the US. While the recent tariff deal reduced tariffs on South Korean imports, key challenges persist, particularly regarding regulations in the digital sector, quarantine measures on agricultural products, and concerns related to foreign exchange and security.
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