{
  "id": 14035896,
  "title": "South Korean Won: Uptrend seen resuming against US Dollar – Societe Generale",
  "url": "https://urgent.news/2026/10/12/south-korean-won-uptrend-seen-resuming-against-us-dollar-societe",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-12T18:51:00.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/south-korean-won-uptrend-seen-resuming-against-us-dollar-societe-generale-202610121851"
  },
  "original_language": "en",
  "account": "Societe Generale strategists have observed that the recent upward movement of the US Dollar against the South Korean Won has hit a roadblock around 1390 and is now testing the lower end of its consolidation. This suggests that the broader downtrend may be set to resume. A brief rebound could encounter resistance at 1367/1372, with downside potential at 1318 and 1303/1297 if the pair fails to break through these levels. Separately, the South Korean Won surged to 1333, its strongest level against the US Dollar in two years, driven by a general retreat of the US Dollar, a pullback in oil prices, and a decline in corporate dollar sales.\n\nThe previous rally of the US Dollar against the South Korean Won stalled around 1390 and is now struggling to overcome the lower limit of its recent consolidation, indicating a possible resumption of the downtrend. If a short-term rebound occurs, the high achieved earlier in the month at 1367/1372 could serve as a critical hurdle. Failure to surpass this resistance might lead to the decline continuing.\n\nThe next targets for the pair are projected at 1318 and 1303/1297. (This article was produced with the assistance of an Artificial Intelligence tool and subsequently reviewed by an editor.) The FXStreet Insights Team comprises journalists who carefully select market observations from reputable experts, incorporating insights from commercial analysts as well as additional perspectives from internal and external analysts.",
  "summary": "Societe Generale strategists note that the recent USD/KRW bounce stalled around 1390 and the pair is now testing the lower end of its consolidation, suggesting the broader downtrend may resume.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}