# South Korean won leads gains among Asian FX amid easing inflation signs - Markets - Business Recorder

> The South Korean won led gains among emerging Asian currencies on October 27, rising 0.6% after US bond yields fell. The move followed a US third-quarter GDP print that showed economic resilience and signs of easing inflation. Traders expected the Federal Reserve might pause rate hikes.

- Date: 2023-10-27 · published 2023-10-27T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/33872-south-korean-won-leads-gains-among-asian-fx-amid-easing-inflation-signs-markets
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A firmer won lowers the local-currency cost of dollar-priced feed imports into Korea, and expectations of a Fed pause can ease pressure on the dollar broadly.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40270337

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