# USD/KRW slides to 1,300 after BoK suggests core inflation might remain higher than previously projected — Octa

> The USD/KRW pair fell to near 1,300 on July 4 after three days of losses from a five-week high. The fall followed Bank of Korea comments that core inflation may stay above earlier projections while headline inflation was expected to ease in July.

- Date: 2023-07-04 · published 2023-07-04T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/35283-usd-krw-slides-to-1-300-after-bok-suggests-core-inflation-might-remain-higher
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Persistent core inflation and a hawkish BoK support the won against the dollar, which modestly reduces the local cost of dollar-denominated feed imports.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/1051179/

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