Driven by positive domestic macro data, the won surged to 1,329 per dollar during Asian trading sessions..92 won, but then fell back。

On the news, Fed Chairman Jerome Powell denied the possibility of an early rate cut in March, which kept the dollar supported.。The Fed kept its target range for the federal funds rate at a 23-year high in four policy meetings in January 5.25% -5.50%, consistent with the market。

Powell said the Federal Reserve would continue to make decisions based on the circumstances of each meeting and that the March rate cut was a "non-benchmark scenario."。

James Kniveton, a senior corporate foreign exchange trader at Convera, was quoted as saying: "The Fed's silence on the first rate cut kept the market wary, which delayed the dollar's decline.。However, market expectations of a potential rate cut during the year could eventually erode the dollar's resilience。Markets are concerned that it will take too long for the Fed to cut rates, which will mean they will need to reduce the terminal rate below the level initially expected。"

Nevertheless, the Fed removed the reference to further rate hikes in its statement, while noting that the risks of meeting employment and inflation targets are more balanced。

In terms of macro data, South Korea's exports in January rose 18% year-on-year to $54.8 billion, exceeding market expectations, mainly driven by chip exports.。

In addition, South Korea's manufacturing purchasing managers' index (PMI) was 51 in January..2, the first expansion since June 2022。

USD / KRW rate up 0 as of Thursday 8: 06 GMT.10%, at 1,334.86。

It is worth noting that the won depreciated by 3% against the dollar in January..03%, the worst performance since August 2023。