The won-dollar exchange rate rose 37.4 won in a week to 1,383.3 won, extending a seven-session advance as Federal Reserve tightening, Middle East supply risks and weaker domestic dollar-selling support strengthened the greenback. The Fed raised rates by 0.25 percentage point to 3.75–4.00%, while market pricing for another increase was reported at roughly 55% to 57%, depending on the market snapshot. Standard Chartered analysts said the move could support prolonged dollar strength by easing concerns about the Fed's willingness to resist President Donald Trump's calls for rapid rate cuts. They said Fed Chair Kevin Warsh's emphasis on inflation control and economic vitality helped reduce part of the risk premium embedded in the dollar and made U.S. yields and investment more attractive. Analysts nevertheless expect the won-dollar rate to eventually move toward 1,200–1,300 won in 2026–2027 if oil and Treasury-yield pressures ease, supported by current-account surpluses and the semiconductor cycle.