# S.Korean won near 2-month low as US data fans Fed hike views - KED Global

> The won fell as much as 1.5% to 1,303.8 per dollar, its weakest since December 20, after US producer prices rose 0.7% in January, above the 0.4% forecast. Initial jobless claims unexpectedly fell to 194,000, and Fed officials took hawkish stances.

- Date: 2023-02-17 · published 2023-02-17T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/37544-s-korean-won-near-2-month-low-as-us-data-fans-fed-hike-views-ked-global
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Hotter US inflation data and a resilient labor market raise odds of further Fed hikes, supporting the dollar and adding pressure on import-dependent feed buyers in Asia.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-04-02 | [Yuan falls to near 6-month low as global coronavirus fears grow  - CGTN](https://feedsoft.ai/events/53875-yuan-falls-to-near-6-month-low-as-global-coronavirus-fears-grow-cgtn.md) | -0.5% | -0.8% |
| DXY | 2026-06-24 | [U.S. dollar rises to 13-month high on Fed rate hike views](https://feedsoft.ai/events/11992-u-s-dollar-rises-to-13-month-high-on-fed-rate-hike-views.md) | -0.1% | -0.4% |
| DXY | 2023-03-08 | [Korea won sees largest drop in 1 month on hawkish Powell - KED Global](https://feedsoft.ai/events/37104-korea-won-sees-largest-drop-in-1-month-on-hawkish-powell-ked-global.md) | -0.4% | -1.9% |
| DXY | 2026-09-17 | [South Korean Won Crashes to Three-Week Low Near 1,380 as Fed Hike, Dollar Surge and Foreign Outflows Hit KRW - Today Markets UAE](https://feedsoft.ai/events/17714-south-korean-won-crashes-to-three-week-low-near-1-380-as-fed-hike-dollar-surge.md) | +1.0% | +2.2% |
| DXY | 2024-12-19 | [South Korean won hits 15-year low as hawkish Fed, domestic politics weigh](https://feedsoft.ai/events/27186-south-korean-won-hits-15-year-low-as-hawkish-fed-domestic-politics-weigh.md) | +0.5% | +1.4% |

## Sources

- kedglobal.com: https://www.kedglobal.com/foreign-exchange/newsView/ked202302170021

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