# South Korean Won Falls on Weak GDP Data

> The South Korean won weakened past 1,385 per dollar after second-quarter GDP came in below expectations at 2.3% year-on-year and contracted 0.2% quarter-on-quarter. Markets increasingly expect the central bank to begin cutting rates.

- Date: 2024-07-25 · published 2024-07-25T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/29515-south-korean-won-falls-on-weak-gdp-data
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A weaker won raises the local cost of dollar-denominated feed imports for Korea, and the growth slowdown could soften feed demand from the livestock sector.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- tradingview.com: https://www.tradingview.com/news/te_news:422410:0-south-korean-won-falls-on-weak-gdp-data/

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