Bank of Rich Country: Korean currency traders may be concerned about Benson's support.

The Bank of Korea expressed that the South Korean won may fall following the new tariff threats from the United States, but if U.S. Treasury Secretary Scott Bennett tries to stabilize the won again, the decline may be controlled. Emerging market economist and foreign exchange strategist Brendan McKenna, based in New York, suggested that the won might weaken, but "a comprehensive response may come later as the market awaits Bennett's reaction." Bennett has already "expressed a strong willingness to ensure foreign exchange stability." "If the pressure on the won continues to increase, Bennett's intervention will be the last line of defense"; "If Bennett remains silent, the won may give back most of its gains from the past few days/weeks."