# Stocks and won rally as Fed chair signals conditional dovishness

> Korean stocks and the won rallied on December 1 after Fed Chair Powell signaled a slowdown in rate increases. The Kospi closed above 2,479 and the won ended at 1,299.70 per dollar, up 1.45%.

- Date: 2022-12-01 · published 2022-12-01T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/38455-stocks-and-won-rally-as-fed-chair-signals-conditional-dovishness
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The won rally reflects a softer US dollar outlook after Fed guidance, which eases import costs for Korean feed buyers. It is a market reaction to monetary policy signals, not a change in feed supply.

## Read by commodity

- DXY: bearish ▼
- USDKRW: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-07-31 | [Stocks rise; yields, dollar lower as Fed signals rate cut](https://feedsoft.ai/events/29141-stocks-rise-yields-dollar-lower-as-fed-signals-rate-cut.md) | -0.5% | -1.9% |
| DXY | 2023-12-13 | [Dollar drops as Fed signals coming rate cuts](https://feedsoft.ai/events/8296-dollar-drops-as-fed-signals-coming-rate-cuts.md) | -1.0% | -0.7% |
| DXY | 2024-07-31 | [Dollar falls as Fed signals likely September rate cut](https://feedsoft.ai/events/29455-dollar-falls-as-fed-signals-likely-september-rate-cut.md) | -0.5% | -1.9% |
| DXY | 2020-11-03 | [Latam FX, stocks rally as dollar dogged by election jitters](https://feedsoft.ai/events/50344-latam-fx-stocks-rally-as-dollar-dogged-by-election-jitters.md) | -1.8% | -3.6% |
| DXY | 2022-11-24 | [Canadian dollar steadies as investors cheer Fed’s dovish signal - Markets - Business Recorder](https://feedsoft.ai/events/38909-canadian-dollar-steadies-as-investors-cheer-fed-s-dovish-signal-markets.md) | -1.4% | -1.2% |

## Sources

- koreajoongangdaily.com: https://www.koreajoongangdaily.com/business/stocks-and-won-rally-as-fed-chair-signals-conditional-dovishness/10841303

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