The South Korean won steadied around 1,395 per dollar on Wednesday, halting a two-day decline as risk sentiment improved following President Lee Jae Myung’s successful summit with US President Donald Trump and stronger domestic business confidence. The Washington meeting was seen as easing uncertainties over trade and defense, while new cooperation pledges such as potential US purchases of Korean-built ships and joint energy projects, bolstered the outlook for exporters. Separately, a Bank of Korea survey showed business sentiment at a nine-month high in August, underpinned by reduced tariff risks after last month’s US–Korea trade deal and solid demand for semiconductors and autos. Globally, the dollar likewise held steady on Fed independence concerns. Looking ahead, traders remained cautious before the BoK’s policy decision on Thursday, with rates likely to remain at 2.50% as officials weigh inflation control against property prices.
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