FX.co ★ South Korean Won Holds Steady Amid US Trade Talks

The South Korean won remained stable at approximately 1,391 per dollar on Monday. This steadiness occurred as investors closely watched the progress of ongoing trade negotiations between Seoul and Washington, together with a subdued performance in the US dollar index. The currency’s stability indicates a cautious improvement in investor sentiment, partly due to reports that National Security Adviser Wi Sung-lac had traveled to Washington for a second round of high-level consultations. This visit is seen as part of Seoul’s diplomatic strategy to achieve a resolution and avert the implementation of tariffs scheduled for August 1.