# South Korean central bank eyeing jump in the won says will stabilize markets if necessary

> The Bank of Korea said it will take market-stabilizing measures if necessary and is closely monitoring rates, equities, FX and capital flows. The won and the dollar moved lower broadly as risk panic eased after the Federal Reserve announced an emergency lending facility.

- Date: 2023-03-13 · published 2023-03-13T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/37108-south-korean-central-bank-eyeing-jump-in-the-won-says-will-stabilize-markets-if
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Policy backstops and easing risk sentiment strengthen the won, lowering dollar-denominated feed import costs for Korean buyers.

## Read by commodity

- DXY: bearish ▼
- USDKRW: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-08-21 | [Indonesia central bank keeps rates steady, focuses on stabilizing the  rupiah \| Reuters](https://feedsoft.ai/events/29121-indonesia-central-bank-keeps-rates-steady-focuses-on-stabilizing-the-rupiah.md) | +0.1% | -0.2% |
| DXY | 2023-11-29 | [South African rand gains after dovish Fed talk, central bank data in sight - Markets - Business Recorder](https://feedsoft.ai/events/33450-south-african-rand-gains-after-dovish-fed-talk-central-bank-data-in-sight.md) | +1.0% | -0.9% |
| DXY | 2021-08-30 | [Latam currencies firm, Colombian central bank meeting eyed - Markets - Business Recorder](https://feedsoft.ai/events/45823-latam-currencies-firm-colombian-central-bank-meeting-eyed-markets-business.md) | -0.7% | +0.4% |
| DXY | 2025-01-23 | [Dollar dips after Trump comments as markets eye tariffs, central banks \| Reuters](https://feedsoft.ai/events/12674-dollar-dips-after-trump-comments-as-markets-eye-tariffs-central-banks-reuters.md) | +0.0% | -1.0% |
| DXY | 2024-09-30 | [Strong Thai baht hitting exporters and tourism, says central bank](https://feedsoft.ai/events/28593-strong-thai-baht-hitting-exporters-and-tourism-says-central-bank.md) | +0.9% | +3.1% |

## Sources

- investinglive.com: https://investinglive.com/centralbank/south-korean-central-bank-eyeing-jump-in-the-won-says-will-stabilize-markets-if-necessary-20230313/

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