The South Korean won has seen its value rise against the U.S. dollar, reaching its highest level since October. This increase is driven by positive sentiment surrounding trade negotiations, which has improved risk appetite among investors. The USD/KRW pair fell by 1% to 1,347.55.
In addition to the Korean won, the U.S. dollar also weakened against other Asian currencies. The USD/Philippine peso pair dropped by 0.5% to 56.285, while the USD/Malaysian ringgit declined by 0.4% to 4.2148. The Bloomberg Dollar Spot Index decreased by 0.3%, reflecting the overall weakening of the dollar against major currencies.
