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The US Treasury added South Korea to its currency monitoring list in November 2024, before the won's sharp drop. A new America First Trade Policy directs the Commerce Secretary to investigate the US current account deficit and reaffirms Treasury's authority to act against currency manipulation.
Possible currency-manipulation actions could alter exchange rates and trade terms for Korean importers of US farm goods. The effect is indirect and depends on future enforcement.
keia.orgHyerim KimJan 24, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
