The South Korean won fell to around 1,436 per dollar on Tuesday, reversing gains from the previous session as traders turned cautious before US President Donald Trump’s meetings with Asian leaders. In Tokyo, Trump and Japan’s Prime Minister Sanae Takaichi signed a framework deal to strengthen cooperation on rare-earth and critical-mineral supply chains, while markets also looked ahead to his talks with Chinese President Xi Jinping at the APEC summit for signals on potential tariff and export-control adjustments. Meanwhile, the greenback softened but offered limited relief for the won amid continued caution ahead of the Fed’s policy decision. Additionally, advanced estimates showed South Korea’s economy grew 1.2% in Q3 from the previous quarter. The Bank of Korea maintained a cautious stance, noting that growth is on track while highlighting risks from US tariffs and capital outflows, and signaling that an immediate rate cut remains unlikely as it seeks to balance growth and stability.

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