# Won-Dollar Exchange Rate Back to 1350 Won Range... US Q3 GDP Growth Rate Pending (Update) - The Asia Business Daily

> The won-dollar exchange rate rose back to about 1,353.7 won in Seoul trading on October 26, driven by higher US Treasury yields. Markets were awaiting the US third-quarter GDP release, with economists expecting 4.3% growth. The Bank of Korea reported South Korean Q3 GDP growth of 0.6%.

- Date: 2023-10-26 · published 2023-10-26T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/33871-won-dollar-exchange-rate-back-to-1350-won-range-us-q3-gdp-growth-rate-pending
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A stronger dollar against the won raises the local cost of imported feed ingredients for Korean buyers, while stronger US growth and rate expectations can support the dollar broadly, a mild headwind for dollar-priced grain and meal.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- asiae.co.kr: https://www.asiae.co.kr/en/article/2023102609444089234

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