# Korean currency rises by most in 1 month amid eased recession fears - The Korea Times

> The won posted its largest one-day gain in about a month, closing at 1,286.50 per dollar on June 27. The rebound followed expectations that the Federal Reserve may slow its tightening, which eased recession fears.

- Date: 2022-06-27 · published 2022-06-27T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/41192-korean-currency-rises-by-most-in-1-month-amid-eased-recession-fears-the-korea
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A firmer won partly offsets the import cost pressure from the earlier slide, though the currency remains weak relative to recent levels.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- koreatimes.co.kr: https://www.koreatimes.co.kr/economy/20220627/korean-currency-rises-by-most-in-1-month-amid-eased-recession-fears

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