# Investors turn more bearish on Asian FX amid return of King Dollar | Reuters

> Investors grew more bearish on Asian currencies as the US dollar returned to strength. Short bets on the South Korean won were the largest among Asian currencies for a second straight week.

- Date: 2023-03-09 · published 2023-03-09T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/37103-investors-turn-more-bearish-on-asian-fx-amid-return-of-king-dollar-reuters
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A stronger dollar and weaker won raise the cost of dollar-priced feed imports for Korea, while the won's sensitivity to dollar moves adds to currency-driven import cost pressure.

## Read by commodity

- DXY: bullish ▲
- USDKRW: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-06-23 | [Stocks fall, dollar up as investors weigh more rate hikes \| Reuters](https://feedsoft.ai/events/35674-stocks-fall-dollar-up-as-investors-weigh-more-rate-hikes-reuters.md) | +0.6% | -0.7% |
| DXY | 2021-11-25 | [Asian stocks fall on dollar strength, Bank of Korea hikes rates \| Reuters](https://feedsoft.ai/events/44286-asian-stocks-fall-on-dollar-strength-bank-of-korea-hikes-rates-reuters.md) | -0.2% | -0.6% |
| DXY | 2025-04-15 | [Dollar gains on euro, yen, but tariffs keep investors cautious \| Reuters](https://feedsoft.ai/events/7251-dollar-gains-on-euro-yen-but-tariffs-keep-investors-cautious-reuters.md) | -1.1% | -0.1% |
| DXY | 2026-09-16 | [Canadian dollar hits six-week low as investors bet on additional Fed rate hikes \| Reuters](https://feedsoft.ai/events/17700-canadian-dollar-hits-six-week-low-as-investors-bet-on-additional-fed-rate-hikes.md) | +0.6% | +2.6% |
| DXY | 2021-10-07 | [Dollar strength holds back Asian FX; rupee bears re-emerge \| Reuters](https://feedsoft.ai/events/44860-dollar-strength-holds-back-asian-fx-rupee-bears-re-emerge-reuters.md) | -0.4% | -0.3% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/investors-turn-more-bearish-asian-fx-amid-return-king-dollar-2023-03-09/

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