# The dollar's strength resumed in the aftermath of rising interest rates as demand for U.S. governmen.. - MK

> The won fell more than 10 won against the dollar on May 30, closing at 1,379.4 per dollar after touching 1,380.2 intraday, its weakest in about a month. The move followed a rise in US 10-year Treasury yields above 4.6% after a weak Treasury auction, which lifted the dollar index to 105.13.

- Date: 2024-05-30 · published 2024-05-30T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/30495-the-dollar-s-strength-resumed-in-the-aftermath-of-rising-interest-rates-as
- 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 weaker won raises the local-currency cost of dollar-priced feed imports for Korean buyers, while a firm dollar generally pressures dollar-denominated commodity prices.

## Read by commodity

- DXY: bullish ▲
- USDKRW: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-11-09 | [Gold edges down as Fed's interest rate view strengthens dollar](https://feedsoft.ai/events/61963-gold-edges-down-as-fed-s-interest-rate-view-strengthens-dollar.md) | +0.2% | +1.0% |
| DXY | 2022-10-14 | [Bank of Canada says persistent U.S. dollar strength could force interest rates higher](https://feedsoft.ai/events/39351-bank-of-canada-says-persistent-u-s-dollar-strength-could-force-interest-rates.md) | +0.2% | -2.4% |
| DXY | 2026-03-25 | [US Dollar Strength Reflects Rates Spike More Than Safe Haven Demand \| Investing.com](https://feedsoft.ai/events/20352-us-dollar-strength-reflects-rates-spike-more-than-safe-haven-demand-investing.md) | +0.8% | -1.4% |
| DXY | 2023-05-28 | [The Dollar Is Still King in Europe, and It’s Swaying Interest Rates - WSJ](https://feedsoft.ai/events/36156-the-dollar-is-still-king-in-europe-and-it-s-swaying-interest-rates-wsj.md) | -0.5% | -1.4% |
| DXY | 2026-04-29 | [Silver declines as Fed keeps interest rates steady, yields and USD strengthen](https://feedsoft.ai/events/19647-silver-declines-as-fed-keeps-interest-rates-steady-yields-and-usd-strengthen.md) | -0.1% | +0.3% |

## Sources

- mk.co.kr: https://www.mk.co.kr/en/economy/11029382

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