# (LEAD) Won hits over 13-year low per U.S. dollar during intraday trade on global tightening | Yonhap News Agency

> The South Korean won fell below 1,420 per US dollar intraday on Monday for the first time since 2009 as the dollar rallied after the Fed's third straight 75 basis point hike. KOSPI fell about 2.6% and foreigners sold local stocks amid recession fears.

- Date: 2022-09-26 · published 2022-09-26T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/39822-lead-won-hits-over-13-year-low-per-u-s-dollar-during-intraday-trade-on-global
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker won raises the local-currency cost of imported feed grains and meal, and Korea is a major importer, so it can cut demand appetite for US and other feed ingredients in dollar terms.

## Read by commodity

- DXY: bullish ▲
- USDKRW: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-11-12 | [Korean won weakens on strong dollar, Trump effect \| Yonhap News Agency](https://feedsoft.ai/events/27668-korean-won-weakens-on-strong-dollar-trump-effect-yonhap-news-agency.md) | +0.8% | +1.1% |
| DXY | 2018-04-24 | [Canadian dollar steadies near three-week low as U.S. 10-year yield hits 3 per cent - The Globe and Mail](https://feedsoft.ai/events/65742-canadian-dollar-steadies-near-three-week-low-as-u-s-10-year-yield-hits-3-per.md) | +0.4% | +2.5% |
| DXY | 2021-09-30 | [Dollar near one-year high as Fed tightening in focus \| Reuters](https://feedsoft.ai/events/45253-dollar-near-one-year-high-as-fed-tightening-in-focus-reuters.md) | +0.0% | -1.1% |
| DXY | 2022-01-31 | [JGB 10-year yield hits six-year high as global tightening pressures BOJ](https://feedsoft.ai/events/43364-jgb-10-year-yield-hits-six-year-high-as-global-tightening-pressures-boj.md) | -0.8% | -0.7% |
| DXY | 2022-04-28 | [Global shares rise as earnings boost, U.S. dollar hits 20-year high](https://feedsoft.ai/events/42072-global-shares-rise-as-earnings-boost-u-s-dollar-hits-20-year-high.md) | +0.1% | -0.4% |

## Sources

- en.yna.co.kr: https://en.yna.co.kr/view/AEN20220926002551320

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