The South Korean won hovered around 1,384 per dollar on Wednesday, holding gains from the previous session as investors assessed July’s domestic employment figures.
South Korea’s unemployment rate edged down to 2.5% in July, the second straight monthly decline, with total employment up by about 171,000 from a year earlier.
Externally, the dollar remained lower after US inflation data showed headline CPI holding at 2.7% in July, just under forecasts, reinforcing expectations for a 25-basis-point Federal Reserve rate cut in September.
Political uncertainty also remained in focus after former first lady Kim Keon Hee was arrested on corruption charges, a development that some analysts warned could weigh on investor sentiment toward South Korean assets.