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DBS expects further won gains to be limited because the currency is now close to fair value on its DEER model. The National Pension Service has also reportedly suspended FX hedging, which may signal authorities want to temper expectations of further won strength.
USD/KRW had fallen toward 1,340 in a steady decline since late June.
If the won's appreciation stalls, the currency cost of dollar-priced feed imports stops falling, so Korean feed buyers should not count on further currency relief.
fxstreet.comFXStreet Insights TeamSep 9, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
