The South Korean won hovered near 1,386 per dollar on Monday, holding gains from the previous session after the greenback eased on weaker US labor data. Figures for August showed that US job creation came in below expectations, adding to signs of cooling momentum in the world’s largest economy and reinforcing bets for imminent Federal Reserve rate cuts. Domestically, Seoul’s trade minister highlighted plans to continue follow-up negotiations with the US to safeguard national interests, seeking to minimize the impact of American tariffs on Korean firms under a still-unsettled bilateral framework. Looking ahead, sentiment also turned cautious before key US inflation releases later this week, which are set to guide expectations over the Federal Reserve’s rate path and broader dollar direction.
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.