# Won tests recent lows ahead of Yellen's visit to Korea

> The won fell to 1,312.10 per dollar on July 12, a 13-year low, as investors moved to safe havens and higher yields. Analysts expected the dollar to stay strong through the third quarter due to diverging central bank policies.

- Date: 2022-07-12 · published 2022-07-12T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/40729-won-tests-recent-lows-ahead-of-yellen-s-visit-to-korea
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A weakening won and strong dollar raise Korean import costs for feed and pressure dollar-denominated grain prices.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- koreajoongangdaily.com: https://www.koreajoongangdaily.com/business/won-tests-recent-lows-ahead-of-yellens-visit-to-korea/10842888

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