# (LEAD) S. Korean currency rises by largest margin in 13 years on eased inflation woes | Yonhap News Agency

> The South Korean won closed at 1,318.40 per dollar on November 11, up 59.1 won in a single session, its largest one-day gain since 2008. The move followed a US inflation report that came in below expectations, raising hopes the Fed would slow its rate hikes. The Korean stock index also rose 3.37% that day.

- Date: 2022-11-11 · published 2022-11-11T12:00:00.000Z
- Category: macro · region South Korea · magnitude medium
- Page: https://feedsoft.ai/events/38943-lead-s-korean-currency-rises-by-largest-margin-in-13-years-on-eased-inflation
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

The sharp won rally reduces the local currency cost of dollar-priced feed imports, a modest offset to the firm US dollar trend. Its effect on global feed prices is limited.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- en.yna.co.kr: https://en.yna.co.kr/view/AEN20221111002151320

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