# USD/KRW defends $1,300 on S. Korean FinMin comments — Octa

> The won was defended near 1,300 per dollar after a Finance Ministry official said the ministry would meet FX dealers, citing the won's faster weakening than other currencies. The pair had earlier hit a two-month high of 1,314.53 on broad dollar strength.

- Date: 2023-02-22 · published 2023-02-22T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/37546-usd-krw-defends-1-300-on-s-korean-finmin-comments-octa
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Official intervention signals limit won depreciation, which modestly eases the local-currency cost of imported feed ingredients.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/1025418/

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