# USD-KRW breaks 1,300 for the first time in 13 yrs despite intervention - 매일경제 영문뉴스 펄스(Pulse)

> The won fell below 1,300 per dollar on June 23 despite verbal intervention from Korean authorities. Capital outflows, a weaker yen and a widening trade deficit, which reached $7.6 billion in the first 20 days of June, weighed on the currency.

- Date: 2022-06-23 · published 2022-06-23T12:00:00.000Z
- Category: macro · region South Korea · magnitude medium
- Page: https://feedsoft.ai/events/41193-usd-krw-breaks-1-300-for-the-first-time-in-13-yrs-despite-intervention-pulse
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A record trade deficit and capital flight keep pressure on the won, raising the cost of dollar-priced feed imports for Korean buyers.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- pulse.mk.co.kr: https://pulse.mk.co.kr/news/english/10360599

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