Market News
Dollar slips as South Korean won jumps, US currency policy in focus - REUTERS
Summary
- U.S.-South Korea talks stoke worries of long-term dollar weakness
- Uncertainty over various trade deals keeps sentiment in check
- U.S. retail sales data in focus for investors
TOKYO, May 15 (Reuters) - The U.S. dollar weakened on Thursday in tandem with a surge in the South Korean won amid persistent speculation that Washington is seeking a weaker greenback, which in turn also lifted other Asian currencies.
News on Wednesday that officials from South Korea and the U.S. met last week to discuss the dollar/won exchange rate has led to a bout of dollar selling, underscoring a cautious mood in the market after initial euphoria over a U.S.-China tariff truce early this week fizzled out.
