# KRW weakens amid strong USD, sluggish Chinese economy - 매일경제 영문뉴스 펄스(Pulse)

> The South Korean won weakened against the US dollar in mid-August 2023, trading around 1,324.9 per dollar on August 11 after several weeks of swings. Daily fluctuations grew in August, with moves above 10 won on nearly one of every nine trading days. Analysts linked the pressure to a strong dollar and a sluggish Chinese economy.

- Date: 2023-08-14 · published 2023-08-14T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/34836-krw-weakens-amid-strong-usd-sluggish-chinese-economy-pulse
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A weaker won raises the local-currency cost of imported feed ingredients and can pressure Korean feed buyers' margins. The effect on grain prices is indirect, since the move reflects currency and macro conditions rather than supply.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- pulse.mk.co.kr: https://pulse.mk.co.kr/news/english/10807344

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