# KRW USD: South Korean Officials Ramp Up Warnings on Won Weakness - Bloomberg

> South Korean officials raised concerns about the won with Japan after both currencies slumped to multi-year lows amid a surge in the dollar. The won and yen weakness is reverberating through global markets.

- Date: 2024-04-17 · published 2024-04-17T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/30981-krw-usd-south-korean-officials-ramp-up-warnings-on-won-weakness-bloomberg
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Currency weakness in key Asian importers raises the local cost of dollar-priced feed ingredients, which can dampen purchasing. The story reflects strong dollar pressure on Asian feed demand.

## Read by commodity

- DXY: bullish ▲
- USDKRW: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-09-22 | [South Korean won tumbles after Fed hike despite official warnings - Markets - Business Recorder](https://feedsoft.ai/events/39823-south-korean-won-tumbles-after-fed-hike-despite-official-warnings-markets.md) | +1.9% | +1.8% |
| DXY | 2020-02-20 | [Singapore Dollar (SGD), Korean Won (KRW) Dumped on Virus Concern - Bloomberg](https://feedsoft.ai/events/54822-singapore-dollar-sgd-korean-won-krw-dumped-on-virus-concern-bloomberg.md) | +0.5% | +6.3% |
| DXY | 2017-02-22 | [Many Fed Officials See Rate Hike ‘Fairly Soon,’ Minutes Show - Bloomberg](https://feedsoft.ai/events/72388-many-fed-officials-see-rate-hike-fairly-soon-minutes-show-bloomberg.md) | -0.5% | -1.5% |
| DXY | 2025-05-18 | [IDR/USD: Indonesian Rupiah Set for Rally in Second Half on Weaker Dollar - Bloomberg](https://feedsoft.ai/events/24975-idr-usd-indonesian-rupiah-set-for-rally-in-second-half-on-weaker-dollar.md) | -1.4% | -2.4% |
| DXY | 2021-06-17 | [Fed Surprise May Herald New Era of Asian Currency Weakness - Bloomberg](https://feedsoft.ai/events/46827-fed-surprise-may-herald-new-era-of-asian-currency-weakness-bloomberg.md) | +1.1% | +1.7% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-04-17/south-korean-officials-ramp-up-warnings-on-won-weakness

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