# USD/KRW remains heavy below 1,300 on BOK Rhee’s presser: Analytics and Market news from 23 February 2023 03:07

> The won traded below 1,300 per dollar after Bank of Korea Governor Rhee Chang-yong said Thursday's rate decision should not be taken as signaling the tightening cycle is over. The pair fell 0.55% to 1,295.78 after tumbling from near 1,302.50.

- Date: 2023-02-23 · published 2023-02-23T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/37548-usd-krw-remains-heavy-below-1-300-on-bok-rhee-s-presser-analytics-and-market
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A firmer won after the central bank's hawkish-leaning remarks lowers the local-currency cost of dollar-priced feed imports for Korean buyers.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- teletrade.org: https://www.teletrade.org/analytics/market-analysis/market-news/3840422

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