The South Korean won strengthened to around 1,358 per dollar on Monday, extending its advance as the greenback weakened amid fiscal concerns and in anticipation of Thursday’s US jobs report, which is expected to signal further labor market cooling. Investor sentiment also improved following the return of trade envoy Yeo Han-koo from Washington, where he held the first high-level tariff talks since President Lee’s June inauguration, aiming to secure US exemptions from steel, automobile, and reciprocal tariffs ahead of the deadline. On the domestic front, retail sales remained flat month-on-month in May, following a 0.9% decline in April, underscoring ongoing challenges in consumer demand despite the currency’s recent strength.
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.