Korean Won Climbs After Holiday, Catching Up With Asian Peers
The South Korean won rose on Wednesday as it caught up with gains in regional currency peers after the local market was shut for a holiday earlier this week.
The won strengthened 1.3% to 1,383.00 against the dollar, the highest since November 2024, in early trading. The advances are in line with moves seen in Asian peers this week as traders dumped dollars amid hopes of a thaw in global trade tensions. Improving risk sentiment after US and China agreed to meet for trade talks helped gains.
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