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Dollar wobbles, South Korean won steadies amid trade uncertainty
short by / on Thursday, 15 May, 2025
The dollar wavered on Thursday after a volatile week, with initial investor relief over the US-China tariff truce giving way to caution amid trade deal uncertainties. Meanwhile, the South Korean won steadied following sharp fluctuations, as markets reacted to news of a recent meeting between US and South Korean officials to discuss the dollar/won exchange rate.