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The Korean won rose to its strongest level in seven months, closing at 1,366.5 per dollar on May 23 after a 2.45% weekly gain, the most among major currencies. The dollar index fell to 99.05, below 100 for a third session.
Analysts tied the move to U.S. fiscal worries, political uncertainty and a Moody's downgrade of U.S. credit.
A stronger won lowers the local-currency cost of dollar-priced grain and meal imports for Korean feed buyers. A weaker dollar broadly supports dollar-denominated commodity prices.
koreajoongangdaily.comJOONGANG ILBO, AP/YONHAPMay 26, 2025Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
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.
