# Korean won's rebound continues as rate worries diminish

> The Korean won extended its rally against the dollar, trading near 1,239 per dollar and rising about 17% from its October low. Investors bet that US inflation would ease and that Federal Reserve rate increases might slow or stop. Weak US wage growth and a contraction in US services activity in December supported the move.

- Date: 2023-01-10 · published 2023-01-10T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/38014-korean-won-s-rebound-continues-as-rate-worries-diminish
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A firmer won lowers the local-currency cost of dollar-priced feed imports, which can ease import costs for Korean feed buyers. The move depends on Fed expectations, so it could reverse if US data firm.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- koreajoongangdaily.com: https://www.koreajoongangdaily.com/business/korean-wons-rebound-continues-as-rate-worries-diminish/11669720

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