# Won Rebounds Against Dollar After Dovish Fed Signal - Seoul Economic Daily

> The Korean won reversed part of its prior-day 14-won surge against the dollar after the FOMC meeting was read as more dovish than expected. The won closed at 1,336.8 per dollar on October 29. Markets are now awaiting U.S. midterm elections, jobs and inflation data.

- Date: 2026-10-29 · published 2026-10-29T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/17289-won-rebounds-against-dollar-after-dovish-fed-signal-seoul-economic-daily
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger won lowers the local-currency cost of imported feed ingredients and soymeal for Korean buyers, while a dovish Fed tends to soften the dollar broadly and support dollar-denominated commodity prices.

## Read by commodity

- DXY: bearish ▼
- USDKRW: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-06-20 | [Dovish Fed Hits The US Dollar \| ECONOMETER](https://feedsoft.ai/events/58783-dovish-fed-hits-the-us-dollar-econometer.md) | -1.1% | -0.8% |
| DXY | 2022-07-28 | [Pound Sterling Extends Gains against Euro and Dollar on post-Fed Relief](https://feedsoft.ai/events/40759-pound-sterling-extends-gains-against-euro-and-dollar-on-post-fed-relief.md) | -0.3% | +0.2% |
| DXY | 2022-11-15 | [Dollar loses ground after economic data boosts risk appetite \| Financial Post](https://feedsoft.ai/events/7563-dollar-loses-ground-after-economic-data-boosts-risk-appetite-financial-post.md) | +1.0% | -1.3% |
| DXY | 2026-01-23 | [Sterling set for best week against dollar since August after data boost \| Reuters](https://feedsoft.ai/events/21303-sterling-set-for-best-week-against-dollar-since-august-after-data-boost-reuters.md) | -1.5% | -1.0% |
| DXY | 2022-12-01 | [US dollar plunges in Vietnam after new Fed signal](https://feedsoft.ai/events/38538-us-dollar-plunges-in-vietnam-after-new-fed-signal.md) | -0.6% | -1.5% |

## Sources

- en.sedaily.com: https://en.sedaily.com/finance/2026/10/29/won-rebounds-against-dollar-after-dovish-fed-signal

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.