empty
 
 

19.08.202502:11:27UTC+00SK Won Weakens on Dollar Strength, Geopolitical Risks

On Tuesday, the South Korean won weakened to approximately 1,388 against the US dollar, pulling back from the gains seen in the previous session. This shift was influenced by a stronger dollar after discussions at the White House between US and EU leaders, which primarily focused on addressing the ongoing conflict in Ukraine. Investor sentiment was negatively impacted by increased geopolitical tensions, following North Korean leader Kim Jong Un's commitment to enhance his country's nuclear capabilities and criticism of the joint US-South Korea military exercises, which have been upgraded this year in response to North Korean threats. Additionally, Bank of Korea Governor Rhee Chang-yong pointed out the ongoing uncertainty due to US trade negotiations, emphasizing that the board will consider both international risks and domestic economic conditions when setting policy at the meeting on August 28.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In August we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


现在无法通话?
提出您的问题,用 在线帮助.
Widget callback