# Exclusive: S.Korea pension fund recently selling dollars in forex market, sources say

> South Korea's national pension fund has reportedly been selling dollars in the forex market, according to sources. The won is trading near the 1,400-per-dollar psychological threshold, which it breached earlier in November for the first time in two years.

- Date: 2024-11-26 · published 2024-11-26T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/27666-exclusive-s-korea-pension-fund-recently-selling-dollars-in-forex-market-sources
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Pension fund dollar sales are a stabilising intervention that could limit won weakness, which in turn affects the cost of dollar-priced grain and meal imports for Korean feed buyers.

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/skorea-pension-fund-recently-selling-dollars-forex-market-sources-say-2024-11-26/

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