# Korean Won Slides Most in Three Months as Dollar Jumps on US CPI

> The Korean won and Thai baht fell after a hotter-than-expected US inflation print boosted the dollar. The won recorded its biggest one-day drop since June and the baht hit a multi-week low against the greenback.

- Date: 2022-10-01 · published 2022-10-01T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/39826-korean-won-slides-most-in-three-months-as-dollar-jumps-on-us-cpi
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar on US inflation raises Asian import costs for feed and can pressure Asian feed demand, a modestly bearish influence on dollar-priced grain and meal.

## Read by commodity

- DXY: bullish ▲
- USDKRW: bullish ▲
- USDTHB: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-09-13 | [C$ slides by most in 2 months on hot U.S. inflation data](https://feedsoft.ai/events/39820-c-slides-by-most-in-2-months-on-hot-u-s-inflation-data.md) | +1.4% | +3.5% |
| DXY | 2018-06-21 | [Korean won continues to weaken against dollar - The Korea Times](https://feedsoft.ai/events/64742-korean-won-continues-to-weaken-against-dollar-the-korea-times.md) | +0.4% | +0.4% |
| DXY | 2026-06-18 | [Pound slides to two-month low as dollar jumps and BoE holds rates \| MarketScreener](https://feedsoft.ai/events/19059-pound-slides-to-two-month-low-as-dollar-jumps-and-boe-holds-rates-marketscreener.md) | +1.4% | +1.0% |
| DXY | 2024-02-13 | [US dollar rises to three-month high after inflation data, surges past 150 yen](https://feedsoft.ai/events/31870-us-dollar-rises-to-three-month-high-after-inflation-data-surges-past-150-yen.md) | +0.1% | -0.6% |
| DXY | 2023-06-29 | [Asian currencies edge lower as US dollar jumps on hawkish Fed](https://feedsoft.ai/events/35726-asian-currencies-edge-lower-as-us-dollar-jumps-on-hawkish-fed.md) | +0.4% | -1.2% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-09-14/korean-won-slides-most-in-three-months-as-dollar-jumps-on-us-cpi

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