The South Korean won leads Asian currencies, reaching the highest level against the US dollar since last October.

date
28/01/2026
After President Trump made remarks about currency depreciation, the US dollar fell to near its lowest level since 2022, with the Korean won leading among Asian currencies. The US dollar fell 1% against the Korean won to 1423.90, its lowest level since October 30. The Asian Dollar Index rose 0.3%, reaching a new high since July 24. On Tuesday, Trump said he was "comfortable" with the decline in the US dollar and criticized Asian economies for engaging in currency depreciation, causing the US dollar to fall to its lowest level since 2022.