South Korea’s FX authorities sell $1.745 billion in Q3 to support won

South Korea's FX authorities sold $1.745 billion in Q3 to support the won. This measure aims to counteract the rapid depreciation of the currency in a challenging economic environment. The Bank of Korea has also been actively intervening in the market to help maintain confidence in the domestic economy. The exchange rate for the won is sensitive to U.S. monetary policy and international economic conditions, thus suggesting continued weakness could be a trend. This raises concerns for businesses and investors, potentially impacting overall economic growth in South Korea. Attention must be paid to the movement of the won, with the possibility of further interventions to ensure market stability.