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The South Korean won weakened to around 1,353 per dollar, retreating from a near two-year high amid rising expectations for tighter Federal Reserve policy. Markets were pricing in a roughly 92% chance of a 25-basis-point rate hike this week, while the 10-year Treasury yield remained elevated near 5%, keeping the dollar
The South Korean won trades around 1,399 per dollar, its strongest level since late September 2025, as a softer US dollar and exporter selling support the currency.