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The won hit a 13-month high of 1,372.5 per dollar on August 28 as exporters sold dollars ahead of the Jackson Hole symposium. Foreign investors sold a net 1.7 trillion won of Korean stocks, and the Kospi fell 1.79 percent.
Traders were awaiting Fed Chair Warsh's speech amid concerns over US fiscal debt.
Won strength reduces the won cost of dollar-denominated feed imports. Exporter dollar selling is a routine flow that can fade quickly, so the price effect is likely modest.
koreajoongangdaily.comYONHAPAug 28, 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.
