South Korean Won: Export strength supports KRW – Societe Generale
Societe Generale notes the Korean Won has been one of Asia’s standout performers, with USD/KRW slipping from around 1,390 to 1,360 as local exporters sold Dollars ahead of the Chuseok holiday.
Societe Generale reports that the South Korean Won (KRW) has been a standout performer in Asia, with the USD/KRW exchange rate dropping from approximately 1,390 to 1,360 due to local exporters selling dollars before the Chuseok holiday. This improved performance is attributed to South Korea's robust export engine and a significant increase in exports in early September, propelled by AI-related shipments and a faster growth in imports. The week, although not entirely smooth, saw the KRW remain one of the region's top performers.
Written by urgent.news from FXStreet's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.