# USD/KRW: BoK may attempt to cap any rapid moves higher in the weeks ahead  – TDS — Octa

> TD Securities says USD/KRW is near year-to-date highs after a sharp depreciation of the won over the past month. It expects the Bank of Korea may try to cap rapid moves higher in the weeks ahead. The firm also flags risk-off sentiment and equity outflows as pressure on the won.

- Date: 2023-08-23 · published 2023-08-23T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/34837-usd-krw-bok-may-attempt-to-cap-any-rapid-moves-higher-in-the-weeks-ahead-tds
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Continued won weakness would raise the local-currency cost of imported feed inputs for Korean buyers. The outlook is a forecast from one bank rather than a new supply or demand event.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/1061144/

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