The South Korean won appreciated to around 1,426 per dollar on Wednesday, rebounding from the previous session’s losses as the dollar weakened amid heightened expectations of further monetary easing. Federal Reserve Chair Jerome Powell stated on Tuesday that the outlook for employment and inflation has remained largely unchanged since September, when the Fed implemented its first policy rate reduction of the year. On the domestic front, the won also gained support from the International Monetary Fund’s revised 2025 growth outlook for the country. The IMF on Tuesday raised its forecast to 0.9 percent, up 0.1 percentage point from July, noting that the impact of US tariff measures has been smaller than expected.
