# South Korean Won: Gains seen moderating after sharp repricing – DBS

> 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.

- Date: 2026-09-09 · published 2026-09-09T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/17716-south-korean-won-gains-seen-moderating-after-sharp-repricing-dbs
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

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.

## Read by commodity

- USDKRW: neutral

## Sources

- fxstreet.com: https://www.fxstreet.com/news/south-korean-won-gains-seen-moderating-after-sharp-repricing-dbs-202609092041

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