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U.S. dollar note — via Wikimedia Commons (Public Domain)

Sep 25, 2025 PM EDT - Jason

Dollar–Won Reclaims 1,400: What It Means for Households, Markets, and Korea–U.S. Trade

The Korean won slipped back above 1,400 per U.S. dollar on Thursday as investors weighed stalled Korea-U.S. tariff talks, a firm greenback, and persistent caution around global rates. Local press reported a 1,400.6 close in Seoul-its first finish above the line in roughly two months-after intraday trading repeatedly tested the threshold this week. The move follows several days of headlines tying FX nerves to the slow grind of trade negotiations with Washington.

U.S. Capitol — via Wikimedia Commons (Public Domain)

Sep 25, 2025 PM EDT - Jason

White House Tells Agencies to Ready Mass-Firing Plans if Shutdown Hits—What It Means for Services and Korean Americans

With a partial U.S. government shutdown days away, the White House ordered federal agencies to prepare reduction-in-force (RIF) plans that could permanently eliminate positions in programs that would lose funding next week, according to new guidance from the Office of Management and Budget (OMB). The instructions raise the stakes well beyond familiar furloughs and come as negotiations over a stopgap bill remain stalled on Capitol Hill.

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