# BOK's reserve management team expects dollar to bounce back amid recession woes - The Korea Herald

> The Bank of Korea's Reserve Management Group said the dollar's recent downward trend will likely persist but could rebound next year if global recession fears rise. It expects major central banks except China and Japan to finish their rate hike cycles.

- Date: 2022-12-27 · published 2022-12-27T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/38453-bok-s-reserve-management-team-expects-dollar-to-bounce-back-amid-recession-woes
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A possible renewed dollar rally in 2023 would raise the local-currency cost of dollar-priced feed ingredients. The outlook is a forecast rather than a new supply or demand shock, so direct price impact is limited.

## Read by commodity

- DXY: neutral
- USDKRW: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-05-30 | [Could the euro topple the U.S. dollar as the world's reserve currency?](https://feedsoft.ai/events/24904-could-the-euro-topple-the-u-s-dollar-as-the-world-s-reserve-currency.md) | -0.5% | -1.6% |
| DXY | 2023-01-30 | [BoE Expected to Hike Rates Amid Central Bank Meetings](https://feedsoft.ai/events/38017-boe-expected-to-hike-rates-amid-central-bank-meetings.md) | +0.5% | +2.1% |
| DXY | 2021-02-23 | [Dollar bounces off six-week low as traders prepare for Powell - Markets - Business Recorder](https://feedsoft.ai/events/10598-dollar-bounces-off-six-week-low-as-traders-prepare-for-powell-markets-business.md) | +0.5% | +1.0% |
| DXY | 2021-08-17 | [There’s a non-pandemic catalyst set to drive the dollar, pound and euro for the rest of 2021 - MarketWatch](https://feedsoft.ai/events/45808-there-s-a-non-pandemic-catalyst-set-to-drive-the-dollar-pound-and-euro-for-the.md) | +0.7% | -0.1% |
| DXY | 2021-03-23 | [Does the US dollar have further to fall?](https://feedsoft.ai/events/48319-does-the-us-dollar-have-further-to-fall.md) | +0.8% | -0.7% |

## Sources

- koreaherald.com: https://www.koreaherald.com/article/3026925

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