# Value of Korean won surges to seven-month high as greenback slides amid uncertainty, instability

> 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.

- Date: 2025-05-26 · published 2025-05-26T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/24925-value-of-korean-won-surges-to-seven-month-high-as-greenback-slides-amid
- 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 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.

## Read by commodity

- DXY: bearish ▼
- USDKRW: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-01-28 | [Korean won rises to 3-month high amid broad weakness of U.S. dollar \| Yonhap News Agency](https://feedsoft.ai/events/21272-korean-won-rises-to-3-month-high-amid-broad-weakness-of-u-s-dollar-yonhap-news.md) | +0.4% | +0.3% |
| DXY | 2025-06-26 | [Canadian dollar notches biggest gain in one month as greenback slides](https://feedsoft.ai/events/24452-canadian-dollar-notches-biggest-gain-in-one-month-as-greenback-slides.md) | -0.9% | -0.6% |
| DXY | 2017-01-31 | [Korean won near 2-month high after BoK keeps rates to boost gr...](https://feedsoft.ai/events/73209-korean-won-near-2-month-high-after-bok-keeps-rates-to-boost-gr.md) | -0.6% | -0.6% |
| DXY | 2022-11-25 | [Ringgit stays at two-month high versus greenback on expectation of slower US interest rate hike \| Malay Mail](https://feedsoft.ai/events/38933-ringgit-stays-at-two-month-high-versus-greenback-on-expectation-of-slower-us.md) | -1.4% | -1.2% |
| DXY | 2020-12-07 | [Companies fear uncertainty and weak greenback](https://feedsoft.ai/events/49894-companies-fear-uncertainty-and-weak-greenback.md) | +0.3% | -0.8% |

## Sources

- koreajoongangdaily.com: https://www.koreajoongangdaily.com/business/value-of-korean-won-surges-to-seven-month-high-as-greenback-slides-amid-uncertainty-instability/11992608

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