# KOREA CAPITAL MARKET INSTITUTE

> The Korea Capital Market Institute says the US dollar, the main driver of the won's rise over two years, is nearing a turning point as the Fed prepares to cut rates. It expects a gradual won appreciation, with the Japanese yen's gains possibly accelerating the decline in the won-dollar rate.

- Date: 2024-09-24 · published 2024-09-24T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/28548-korea-capital-market-institute
- 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 gradual decline in the won-dollar rate would lower Korean feed import costs over time. Feed buyers should watch the currency path, though the effect on grain prices is modest and gradual.

## Read by commodity

- DXY: bearish ▼
- USDKRW: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-10-28 | [Euro Rises Against USD Amid Interest Rate Market Moves](https://feedsoft.ai/events/44755-euro-rises-against-usd-amid-interest-rate-market-moves.md) | +0.6% | +2.5% |
| DXY | 2025-10-01 | [After The Rate Cut: Investing Beyond U.S. Markets](https://feedsoft.ai/events/22765-after-the-rate-cut-investing-beyond-u-s-markets.md) | +0.3% | +0.3% |
| DXY | 2017-06-29 | [Dollar Bull Market Is Over](https://feedsoft.ai/events/70708-dollar-bull-market-is-over.md) | +0.3% | -1.7% |
| DXY | 2020-08-28 | [Powell And Abe Drive Markets \| Investing.com](https://feedsoft.ai/events/51794-powell-and-abe-drive-markets-investing-com.md) | -0.5% | +1.0% |
| DXY | 2024-09-23 | [Fed interest cuts ease pressure on Vietnam forex market](https://feedsoft.ai/events/28631-fed-interest-cuts-ease-pressure-on-vietnam-forex-market.md) | -0.2% | +2.5% |

## Sources

- kcmi.re.kr: https://www.kcmi.re.kr/en/publications/pub_detail_view?cno=6407&syear=2024&zcd=002001017&zno=1808

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