# KRW USD: Fed Puts South Korean Won’s Line in the Sand Firmly Back in Play - Bloomberg

> The won neared 1,400 per dollar, and Bloomberg reported that authorities were likely to defend a line near that level. The currency had lost 0.9% over two sessions ahead of a Federal Reserve decision expected to be hawkish.

- Date: 2024-06-12 · published 2024-06-12T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/30027-krw-usd-fed-puts-south-korean-won-s-line-in-the-sand-firmly-back-in-play
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Expected official defence of the won limits near-term depreciation, but a hawkish Fed keeps pressure on import costs for Korean feed buyers.

## Read by commodity

- USDKRW: neutral

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-06-12/fed-puts-south-korean-won-s-line-in-the-sand-firmly-back-in-play

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