# As the "King Dollar" trend has been dampened, market attention is focusing on the direction of the w.. - MK

> The won hit the early 1,300 level per dollar on August 22, its strongest in five months, and the won's rise continued despite the Bank of Korea holding rates for the 13th consecutive time. Analysts are divided on whether the won will strengthen further or has overshot.

- Date: 2024-08-22 · published 2024-08-22T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/29039-as-the-king-dollar-trend-has-been-dampened-market-attention-is-focusing-on-the
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Currency moves tied to Fed rate-cut expectations change the purchasing cost of imported feed inputs for Korean buyers, though this is a currency-market story rather than a direct grain driver.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- mk.co.kr: https://www.mk.co.kr/en/economy/11098476

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