# Decoupling between USD/KRW rate and US Dollar Index - Businesskorea

> Shinhan Securities analyst notes the USD/KRW rate has risen toward 1,350 after trading near 1,300 since March, while the US Dollar Index fell from about 105 to 101. Korea's weak China reopening recovery, a widening rate gap and dividend-season remittances are cited as causes.

- Date: 2023-05-12 · published 2023-05-12T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/36200-decoupling-between-usd-krw-rate-and-us-dollar-index-businesskorea
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A weaker won increases the cost of imported feed grains and meal priced in dollars for Korean buyers. The widening gap between the won and the dollar index shows the currency is weakening for Korea-specific reasons.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- businesskorea.co.kr: https://www.businesskorea.co.kr/news/articleView.html?idxno=114512

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