FX.co ★ South Korean Won Holds Firm on US Jobs Data, Trade Talks

The South Korean won remained steady around 1,386 per dollar on Monday, maintaining its strength from the previous session as the US dollar softened following weaker labor data out of the US. August figures revealed that US job creation fell short of expectations, indicating a slowdown in the world's largest economy and strengthening the likelihood of upcoming interest rate cuts by the Federal Reserve. In South Korea, the trade minister emphasized plans for ongoing negotiations with the US to protect national interests, aiming to lessen the impact of American tariffs on Korean companies within an unresolved bilateral framework. As the week progresses, attention turns to upcoming key US inflation data, which are anticipated to influence forecasts regarding the Federal Reserve’s interest rate decisions and the overall direction of the US dollar.