# South Korean Won Crashes to Three-Week Low Near 1,380 as Fed Hike, Dollar Surge and Foreign Outflows Hit KRW - Today Markets UAE

> The won slid to a three-week low near 1,380 per dollar after the Fed raised rates by 25 basis points to 3.75%-4.00%, its first hike since 2023. Continued foreign selling of Korean assets and Brent above $100 added to the pressure.

- Date: 2026-09-17 · published 2026-09-17T12:00:00.000Z
- Category: macro · region South Korea · magnitude medium
- Page: https://feedsoft.ai/events/17714-south-korean-won-crashes-to-three-week-low-near-1-380-as-fed-hike-dollar-surge
- 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 Fed hike widens the rate gap with Korea and strengthens the dollar, raising the won cost of imported feed grains and meal. Higher oil costs add further pressure on Korean feed and livestock margins.

## Read by commodity

- DXY: bullish ▲
- USDKRW: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-08-24 | [EMERGING MARKETS-Recovery fears hit South Korea's won as U.S. dollar firms](https://feedsoft.ai/events/51853-emerging-markets-recovery-fears-hit-south-korea-s-won-as-u-s-dollar-firms.md) | -1.0% | -0.6% |
| DXY | 2018-04-24 | [Canadian dollar steadies near three-week low as U.S. 10-year yield hits 3 per cent - The Globe and Mail](https://feedsoft.ai/events/65742-canadian-dollar-steadies-near-three-week-low-as-u-s-10-year-yield-hits-3-per.md) | +0.4% | +2.5% |
| DXY | 2022-08-19 | [South African rand dips as dollar hits three-week high after Fed minutes \| CNBC Africa](https://feedsoft.ai/events/40328-south-african-rand-dips-as-dollar-hits-three-week-high-after-fed-minutes-cnbc.md) | +0.6% | +2.1% |
| DXY | 2024-12-19 | [South Korean won hits 15-year low as hawkish Fed, domestic politics weigh](https://feedsoft.ai/events/27186-south-korean-won-hits-15-year-low-as-hawkish-fed-domestic-politics-weigh.md) | +0.5% | +1.4% |
| DXY | 2018-11-08 | [Canadian dollar hits eight-week low as U.S. Fed affirms rate hike policy - The Globe and Mail](https://feedsoft.ai/events/62276-canadian-dollar-hits-eight-week-low-as-u-s-fed-affirms-rate-hike-policy-the.md) | +1.0% | +1.2% |

## Sources

- todaymarkets.ae: https://todaymarkets.ae/south-korean-won-crashes-to-three-week-low-near-1380-as-fed-hike-dollar-surge-and-foreign-outflows-hit-krw/

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