# Won recovers as investors turn positive, funds shun China

> The won recovered this week on a current account surplus, improving foreign investor sentiment and government intervention in debt markets. The currency closed at 1,364.80 per dollar, up from a 13-year low of 1,444.2 on October 25. Foreign investors have resumed net buying of Korean shares, partly as funds moved out of China.

- Date: 2022-11-09 · published 2022-11-09T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/38949-won-recovers-as-investors-turn-positive-funds-shun-china
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A stronger won lowers the local currency cost of dollar-priced imports, including feed. The move is driven by capital flows and has little effect on global feed supply.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- koreajoongangdaily.com: https://www.koreajoongangdaily.com/business/won-recovers-as-investors-turn-positive-funds-shun-china/10608765

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