# Korean won weakens on strong dollar, Trump effect | Yonhap News Agency

> The Korean won fell sharply against the dollar on November 12, trading near 1,400 for the first time since April. Experts linked the move to the dollar's rally and expectations of Trump's tariffs and tax cuts.

- Date: 2024-11-12 · published 2024-11-12T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/27668-korean-won-weakens-on-strong-dollar-trump-effect-yonhap-news-agency
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of higher US deficits and slower Fed cuts keep the dollar strong, which raises the cost of dollar-priced feed imports for Korean buyers.

## Read by commodity

- DXY: bullish ▲
- USDKRW: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2022-09-26 | [(LEAD) Won hits over 13-year low per U.S. dollar during intraday trade on global tightening \| Yonhap News Agency](https://feedsoft.ai/events/39822-lead-won-hits-over-13-year-low-per-u-s-dollar-during-intraday-trade-on-global.md) | +0.2% | +0.6% |
| 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 | 2016-11-10 | [Dollar gains against yuan on Trump policy worries](https://feedsoft.ai/events/7739-dollar-gains-against-yuan-on-trump-policy-worries.md) | +1.9% | +2.3% |
| DXY | 2024-04-29 | [A Strong U.S. Dollar Weighs on the World](https://feedsoft.ai/events/30905-a-strong-u-s-dollar-weighs-on-the-world.md) | -0.7% | -1.1% |

## Sources

- en.yna.co.kr: https://en.yna.co.kr/view/AEN20241112002800320

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