The South Korean won strengthened to around 1,486 per dollar, pausing recent losses amid a softer greenback, which marked its third consecutive day of decline. Investors remained cautious ahead of the Federal Reserve’s upcoming policy decision, closely monitoring how officials will navigate ongoing global uncertainties, with markets widely expecting interest rates to remain unchanged. The won was further bolstered by signs of improvement in South Korea’s labor market, as February saw the addition of 234,000 jobs, bringing total employment to 28.41 million, a 0.8 percent increase from a year earlier. Meanwhile, market caution persists as Iran confirmed the killing of senior security chief Ali Larijani in an airstrike, prompting Tehran to launch a series of missile and drone attacks against Israel and neighboring states.
