# (LEAD) S. Korea's currency tumbles amid global tightening, rising geopolitical risks | Yonhap News Agency

> The won fell sharply to 1,435.2 per dollar, its largest one-day drop since March 2020, after strong US jobs data strengthened expectations of larger Federal Reserve rate hikes. Rising Russia-Ukraine tensions and worries about a global recession also weighed on the currency.

- Date: 2022-10-11 · published 2022-10-11T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/39378-lead-s-korea-s-currency-tumbles-amid-global-tightening-rising-geopolitical
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A sharp won sell-off raises the local cost of dollar-priced feed imports, which weighs on Korean feed buyers' purchasing power. Global grain prices are not directly affected.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- en.yna.co.kr: https://en.yna.co.kr/view/AEN20221011002951320

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