# Asian currencies: South Korean won records biggest monthly gain - Business & Finance - Business Recorder

> Most emerging Asian currencies were set to log monthly gains against the dollar as traders bet the Federal Reserve would cut rates earlier than expected. The South Korean won rose about 4.5% in November, its biggest monthly gain since last November, while the Taiwan dollar and Thai baht also gained. The Indian rupee was the only major Asian loser.

- Date: 2023-11-30 · published 2023-11-30T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/33414-asian-currencies-south-korean-won-records-biggest-monthly-gain-business-and
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A stronger won lowers the local-currency cost of imported feed ingredients such as corn, soymeal and DDGS for Korean buyers. Expectations of Fed cuts that weaken the dollar broadly ease import costs across the region.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40276097

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