South Korean Won Slips Amid Policy Uncertainty

2025-10-01 02:14 By Mariene Camarillo 1 min. read

The South Korean won depreciated to around 1,408 per dollar on Wednesday, extending losses for the second session as concerns over limited policy support weighed on sentiment.

On the same day, the US and South Korea issued a joint statement affirming that FX interventions should be limited to curbing excessive volatility, not used to influence exchange rates for competitive advantage.

The statement omitted a bilateral currency swap line sought by Seoul to cushion outflows and FX risks linked to its $350 billion US investment package.

Market participants caution the absence could hinder Seoul’s ability to secure dollar liquidity and sustain defense of the won should depreciation pressures persist.



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