# [Seoul Foreign Exchange Market - Weekly]Dollar-Won Tests Downside Around 1,350 Level as Markets Await US Nonfarm Payrolls < Bonds/Forex < Article - Yonhap Infomax

> The dollar-won was expected to trade around 1,350 won in the week of June 30 to July 4, with markets probing for downside ahead of the US nonfarm payrolls report. The won closed the prior week at 1,357.40, after a spike to the mid-1,380s on reports of US strikes on Iranian nuclear sites that faded as Iran avoided extreme retaliation.

- Date: 2025-06-29 · published 2025-06-29T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/24444-seoul-foreign-exchange-market-weekly-dollar-won-tests-downside-around-1-350
- 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 stronger won against the dollar lowers the local-currency cost of US commodity imports for Korean buyers, while weak US jobs data could further weaken the dollar and support dollar-denominated grain and meal prices.

## Read by commodity

- DXY: bearish ▼
- USDKRW: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-11-05 | [Pound-Dollar Rate Rallies 1% As BoE Fails To Mention Negative Interest Rates \| Exchange Rates UK](https://feedsoft.ai/events/50419-pound-dollar-rate-rallies-1-as-boe-fails-to-mention-negative-interest-rates.md) | -0.8% | -2.9% |
| DXY | 2020-08-30 | [Pound To Dollar Rate Forecast: Could A Dovish BoE Weigh On GBP/USD Rates This Week? \| Exchange Rates UK](https://feedsoft.ai/events/51866-pound-to-dollar-rate-forecast-could-a-dovish-boe-weigh-on-gbp-usd-rates-this.md) | +0.1% | +1.4% |
| DXY | 2024-08-27 | [Digesting the 'Jackson Hole Effect'... Won-Dollar Exchange Rate Hits 1,320 Level for the First Time in 5 Months - The Asia Business Daily](https://feedsoft.ai/events/29037-digesting-the-jackson-hole-effect-won-dollar-exchange-rate-hits-1-320-level-for.md) | +0.9% | -0.5% |
| DXY | 2024-08-26 | [US Dollar Falls After Powell Rate-Cut Signal but Downside Limited: GS - Markets Insider](https://feedsoft.ai/events/28988-us-dollar-falls-after-powell-rate-cut-signal-but-downside-limited-gs-markets.md) | +0.7% | -0.0% |
| DXY | 2023-01-23 | [SCB CIO sees the "baht" reaching 33-34 baht/US dollar at the end of the year. Recommends foreign investment to prevent exchange rate risk - Money & Banking Magazine](https://feedsoft.ai/events/38067-scb-cio-sees-the-baht-reaching-33-34-baht-us-dollar-at-the-end-of-the-year.md) | -0.4% | +1.0% |

## Sources

- en.infomaxai.com: https://en.infomaxai.com/news/articleView.html?idxno=69830

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