National Australia Bank: The South Korean Won may face knee-jerk selling due to Trump's comments.

The National Australia Bank stated that the South Korean won may encounter knee-jerk selling when the market opens, but if South Korea shows readiness to take agreed-upon actions starting in July, this selling may not continue. "The agreement reached in July 2025 will reduce South Korea's tariff on US exports from 25% to 15%, but the agreement includes a series of conditions aimed at improving US export access to the Korean market," said Ray Attrill, the bank's foreign exchange strategist. "It seems that the lack of concrete action has angered Trump."