# USD/KRW pulls back from 1-week high on stronger Korean GDP

> The Korean won extended gains against the dollar on July 25 after Q2 GDP grew 0.6% quarter-on-quarter, above the 0.5% consensus. Consumer and business spending weakened, and yields on Korean government bonds rose.

- Date: 2023-07-25 · published 2023-07-25T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/35280-usd-krw-pulls-back-from-1-week-high-on-stronger-korean-gdp
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Stronger-than-expected growth reduces pressure for Bank of Korea easing and supports the won, which slightly lowers Korean import costs for dollar-priced feed ingredients.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- tradingpedia.com: https://www.tradingpedia.com/2023/07/25/usd-krw-won-pulls-back-from-1-week-low-on-stronger-gdp-growth/

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