# Exchange Rate Surge... Has the Foreigners' Buy-Korea Effect Worn Off? - The Asia Business Daily

> The won strengthened after a sharp early-year rise as foreign investors made record net purchases of KOSPI stocks. Analysts cite US rate-cut expectations and Middle East risks as dollar-supporting factors.

- Date: 2024-02-05 · published 2024-02-05T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/31902-exchange-rate-surge-has-the-foreigners-buy-korea-effect-worn-off-the-asia
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A firmer won lowers Korea's dollar cost of imported feed grains and meal, a modest support for Korean feed buyers.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- asiae.co.kr: https://www.asiae.co.kr/en/article/2024020510071884158

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