The South Korean won strengthened to around 1,430 per dollar on Monday, rebounding from an over six-month low in the previous session, supported by a softer dollar and expectations surrounding major policy and trade developments. The greenback eased as investors positioned ahead of the Federal Reserve’s policy meeting this week, with markets widely expecting a rate cut amid signs of cooling inflation and slower growth in the US. Additionally, sentiment in Korea improved as the country prepares to host the APEC summit in Gyeongju, where President Lee Jae Myung is set to meet US President Donald Trump and Chinese President Xi Jinping. Markets are watching for possible updates on trade and tariff discussions between Seoul and Washington, as well as broader commitments on supply chain and semiconductor cooperation that could support Korea’s export outlook.
