# Fed chair designation renews fears of won weakening - The Korea Times

> The won weakened toward 1,460 per dollar after Kevin Warsh was named as the next Federal Reserve chair, seen as less dovish than other candidates, which lifted the dollar. Foreign investors dumped Korean stocks as KOSPI fell over 5%. Analysts cite the global reserve currency strength and risk sentiment.

- Date: 2026-02-02 · published 2026-02-02T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/20840-fed-chair-designation-renews-fears-of-won-weakening-the-korea-times
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A firmer dollar on hawkish Fed expectations tends to pressure dollar-priced commodities and raises Korean import costs, though the direct feed price effect is small.

## Read by commodity

- DXY: bullish ▲
- USDKRW: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-10-23 | [Fear of foreign capital exodus growing  - The Korea Times](https://feedsoft.ai/events/62760-fear-of-foreign-capital-exodus-growing-the-korea-times.md) | +0.6% | +0.9% |
| DXY | 2018-06-21 | [Korean won continues to weaken against dollar - The Korea Times](https://feedsoft.ai/events/64742-korean-won-continues-to-weaken-against-dollar-the-korea-times.md) | +0.4% | +0.4% |
| DXY | 2022-05-02 | [What is behind plunging Korean won? - The Korea Times](https://feedsoft.ai/events/41635-what-is-behind-plunging-korean-won-the-korea-times.md) | +0.3% | -1.0% |
| DXY | 2026-10-01 | [S. Korean won weakens against US dollar on lingering worries over higher yields - The Korea Times](https://feedsoft.ai/events/17293-s-korean-won-weakens-against-us-dollar-on-lingering-worries-over-higher-yields.md) | +0.2% | +0.6% |
| DXY | 2018-02-27 | [South Korea: Stocks wobble, won slides on Fed rate hike worries - The Business Times](https://feedsoft.ai/events/66719-south-korea-stocks-wobble-won-slides-on-fed-rate-hike-worries-the-business-times.md) | +0.1% | -0.1% |

## Sources

- koreatimes.co.kr: https://www.koreatimes.co.kr/economy/others/20260202/fed-chair-designation-renews-fears-of-won-weakening

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