# The won's weakness is showing no signs of abating due to the dollar's dominance. On the 26th, the da.. - MK

> The won fell to around 1,390 per dollar on June 26, closing at 1,388.7. The yen approached 160 per dollar as the dollar index rose for a third week, with the euro also weak ahead of the French election.

- Date: 2024-06-26 · published 2024-06-26T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/30020-the-won-s-weakness-is-showing-no-signs-of-abating-due-to-the-dollar-s-dominance
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firm dollar against the won and yen raises import costs for Asian feed buyers and can weigh on dollar-priced commodity demand from the region.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲
- USDKRW: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-04-25 | [Key themes at the IMF/World Bank Spring Meetings: Dollar dominance \| Brookings](https://feedsoft.ai/events/30906-key-themes-at-the-imf-world-bank-spring-meetings-dollar-dominance-brookings.md) | +0.1% | -1.1% |
| DXY | 2018-03-23 | [Australian Dollar Showing Long-Term Negative Signs](https://feedsoft.ai/events/66257-australian-dollar-showing-long-term-negative-signs.md) | -0.3% | -0.4% |
| DXY | 2018-06-26 | [The US Dollar's Weakness Saved The Aussie From Retesting Its Lows \| Investing.com AU](https://feedsoft.ai/events/64775-the-us-dollar-s-weakness-saved-the-aussie-from-retesting-its-lows-investing-com.md) | +0.8% | -0.1% |
| 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% |
| DXY | 2023-11-01 | [The Aussie Dollar is Tied to China’s Outlook](https://feedsoft.ai/events/33883-the-aussie-dollar-is-tied-to-china-s-outlook.md) | -1.4% | -2.9% |

## Sources

- mk.co.kr: https://www.mk.co.kr/en/economy/11052096

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