South Korean Won Holds at 5-Month Low

2025-10-09 07:41 By Erika Ordonez 1 min. read

The South Korean won fell to around 1,422 per dollar on Thursday, hovering close to its weakest level in over five months, as persistent dollar strength continued to pressure Asian currencies.

The greenback remained supported by yen weakness following fiscal dove and pro-stimulus Sanae Takaichi’s victory in Japan’s leadership race and by political uncertainty in Europe after the resignation of French Prime Minister Sebastien Lecornu.

Investors also reacted to the latest FOMC minutes which showed divisions among policymakers on the direction for US interest rates.

Meanwhile, on the domestic front, sentiment toward the won remained cautious amid trade concerns, with investors watching how the European Union’s plan to curb steel imports could affect South Korea’s key export industries.



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