KRW/USD Price & Performance (KRWUSD)

The US dollar has seen an increase in strength due to the Federal Reserve's cautious stance on interest rate cuts. This has contributed to a slight rise in the KRW-USD exchange rate, which opened at 1,441.6 won. Analysts predict the exchange rate to remain within a range of 1,437-1,446 won.1

South Korean stocks dropped for the second day, with the KOSPI falling 0.57% to 2,630.29. Concerns over economic slowdown and a 25 basis point rate cut by the Bank of Korea have dampened investor sentiment. Foreign and institutional investors led the sell-off, while the Korean won weakened against the US dollar.23

The South Korean won gained strength as the US announced potential tariff policy changes, including a moratorium on energy tariffs. The won rose to 1,445 per dollar, reflecting reduced tariff war concerns. Analysts suggest the currency may face upward pressure from exporter inflows and easing hedging sentiment.45