ForexMedium•11 November 2026•
1 min read
Korean Won Rises to 1342.4 as Fed Officials Signal Larger Rate Hikes
Key Facts
1The South Korean won rose to 1342.4 per US dollar.
2Fed Governor Christopher Waller stated that raising rates by only 0.25 percentage point could jeopardize credibility.
3Dallas Fed President Lorie Logan noted the need for at least two 0.25 percentage point increases.
The South Korean won rose to 1342.4 per US dollar according to Chosunbiz. Federal Reserve Governor Christopher Waller stated that raising interest rates by only 0.25 percentage point could jeopardize the central bank's credibility, while Dallas Fed President Lorie Logan noted the necessity of at least two 0.25 percentage point increases.
These comments followed data showing the US Consumer Price Index rose 0.4% month-on-month on November 10, 2026, exceeding market forecasts. Additionally, the South Korean unemployment rate was recorded at 2.5% on November 10, 2026, performing better than the 2.8% forecast, amid a broader environment of persistent inflationary pressures in the United States.