# Bank of Korea warns of more market volatility ahead as Fed signals more rate hikes

> Bank of Korea Governor Rhee warned of increased market volatility around each Fed rate decision and said Powell's hawkish comments were not much different from expectations. The central bank said it will keep its current monetary stance while monitoring the Fed's impact.

- Date: 2022-08-30 · published 2022-08-30T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/40279-bank-of-korea-warns-of-more-market-volatility-ahead-as-fed-signals-more-rate
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of further Fed hikes keep the dollar strong and currency markets volatile, which weighs on dollar-denominated commodity prices and raises import costs for Korean buyers.

## Read by commodity

- DXY: bullish ▲
- USDKRW: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-06-14 | [US dollar falls, but off four-week lows, as Fed signals more rate hikes \| Reuters](https://feedsoft.ai/events/35412-us-dollar-falls-but-off-four-week-lows-as-fed-signals-more-rate-hikes-reuters.md) | -0.4% | -1.7% |
| DXY | 2026-06-17 | [Gold retreats as Fed signals rate hike ahead, dollar strengthens \| Kitco News](https://feedsoft.ai/events/18712-gold-retreats-as-fed-signals-rate-hike-ahead-dollar-strengthens-kitco-news.md) | +1.8% | +0.9% |
| DXY | 2021-12-17 | [What will the Fed’s expected rate hikes mean for Korean market? - The Korea Herald](https://feedsoft.ai/events/43844-what-will-the-fed-s-expected-rate-hikes-mean-for-korean-market-the-korea-herald.md) | -0.2% | -0.8% |
| DXY | 2024-04-17 | [Bank of Korea chief says won volatility a little 'excessive'](https://feedsoft.ai/events/30982-bank-of-korea-chief-says-won-volatility-a-little-excessive.md) | -0.3% | -1.0% |
| DXY | 2021-11-25 | [Asian stocks fall on dollar strength, Bank of Korea hikes rates \| Reuters](https://feedsoft.ai/events/44286-asian-stocks-fall-on-dollar-strength-bank-of-korea-hikes-rates-reuters.md) | -0.2% | -0.6% |

## Sources

- cnbc.com: https://www.cnbc.com/2022/08/30/bank-of-korea-warns-of-more-market-volatility-ahead-as-fed-signals-more-rate-hikes.html

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