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Analysis-Korea's fight for FX stability undermined by its Wall Street mania
Yahoo Finance· 2026-02-04 21:04
SEOUL, Feb 5 (Reuters) - South Korea's efforts to stabilise its currency face a major obstacle at home - the record appetite of its retail investors for U.S. stocks that is fuelling dollar demand as the won languishes at 17-year lows. The greenback's persistent strength against the won over the past year has complicated Seoul's plans to invest $350 billion in U.S. industries under a trade deal with Washington, amid concerns additional outflows could weaken the won further. Those pressures have only be ...