Recent semiconductor export surges have bolstered Korea’s current account surplus to record levels, with August 2026 figures reaching $46.11 billion and driving exporter dollar sales that have capped USD/KRW upside near 1,340-1,343. This structural won support has offset external pressures from elevated U.S. Treasury yields above 5.3% on the 10-year, a dollar index near 102.3, and Brent crude around $100 per barrel. Federal Reserve September minutes signaled openness to further 2026 rate adjustments while emphasizing data dependence, contrasting with Bank of Korea expectations for steady policy. Traders monitor October FOMC and BOK meetings alongside chip shipment data and foreign equity flows for shifts in the rate path.