The Korean won has risen by 7% in a month due to expectations of progress in US-China tariff negotiations. The won-dollar exchange rate fell to the 1370s, the lowest level in six months. The US is pressuring Asian countries including South Korea, Japan, and Taiwan for a ‘currency appreciation’, which could lead the rate to drop to the mid-1300s.
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Auto-posted at: 2025-05-07 21:03:42