The South Korean won slipped to around 1,388 per dollar on Tuesday, retreating from the prior session’s gains as the dollar strengthened following the White House summit with EU leaders, where discussions focused on resolving the conflict in Ukraine. Market sentiment was pressured by heightened geopolitical risk after North Korean leader Kim Jong Un vowed to expand the country’s nuclear arsenal and criticized ongoing US–South Korea military drills, which this year incorporate upgraded responses to North Korean threats. Separately, Bank of Korea Governor Rhee Chang-yong highlighted persistent uncertainty from US trade negotiations, noting the board will assess both external risks and domestic fundamentals in setting policy at the August 28 meeting.
Manage Consent
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.
The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.