# Sinking won fans doubts over Korea’s economic fundamentals - KED Global

> The won lost 7.1% against the dollar in the first 28 days of September, underperforming most peers, and is down 17.4% year to date. Exports fell 8.7% in the first 20 days of September, fueling doubts about Korea's economic fundamentals.

- Date: 2022-09-29 · published 2022-09-29T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/39825-sinking-won-fans-doubts-over-korea-s-economic-fundamentals-ked-global
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Weak exports and a falling won point to softer Korean industrial demand and higher import costs for feed, a mild bearish signal for dollar-priced feed inputs.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- kedglobal.com: https://www.kedglobal.com/economy/newsView/ked202209290020

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