Won gains as regulators curb leveraged ETFs
The Korean Won has risen against the USD, driven by expectations of further monetary tightening.
The Bank of Korea’s comments on inflation and export earnings repatriation have supported the Won.
Regulators have announced measures to curb retail participation in leveraged ETFs, including capping portfolio exposure and raising trading costs.
The USD/KRW fell 0.7% to 1,444, its lowest level since February.