# Won strengthens as inflation peak seen and China ends lockdown

> The Korean won strengthened to 1,237.2 per dollar on May 31, up about 4.2% from May 12 when it hit a two-year low of 1,291.50. Signs that US inflation has peaked and China's lifting of the Shanghai lockdown supported the currency.

- Date: 2022-05-31 · published 2022-05-31T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/41631-won-strengthens-as-inflation-peak-seen-and-china-ends-lockdown
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer won and easing US rate expectations reduce the local cost of dollar-priced feed imports into Korea, while China's reopening may lift regional feed and commodity demand.

## Read by commodity

- DXY: bearish ▼
- USDKRW: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-08-12 | [Stronger dollar down for the week as clues point to inflation peak \| Reuters](https://feedsoft.ai/events/40271-stronger-dollar-down-for-the-week-as-clues-point-to-inflation-peak-reuters.md) | +1.4% | +2.5% |
| DXY | 2018-02-28 | [Japanese yen may strengthen as dollar weakens: Morgan Stanley and ING](https://feedsoft.ai/events/66740-japanese-yen-may-strengthen-as-dollar-weakens-morgan-stanley-and-ing.md) | -0.1% | -0.5% |
| DXY | 2025-12-18 | [EUR/USD rebounds as ECB holds rates and US inflation cools](https://feedsoft.ai/events/21719-eur-usd-rebounds-as-ecb-holds-rates-and-us-inflation-cools.md) | -0.6% | -0.1% |
| DXY | 2025-11-26 | [South African rand strengthens as downbeat US data weakens dollar \| CNBC Africa](https://feedsoft.ai/events/22251-south-african-rand-strengthens-as-downbeat-us-data-weakens-dollar-cnbc-africa.md) | -0.7% | -1.8% |
| DXY | 2017-08-30 | [Yuan Appreciation: RMB strengthens when US index continues to fall - CGTN](https://feedsoft.ai/events/69676-yuan-appreciation-rmb-strengthens-when-us-index-continues-to-fall-cgtn.md) | -0.6% | +0.9% |

## Sources

- koreajoongangdaily.com: https://www.koreajoongangdaily.com/business/won-strengthens-as-inflation-peak-seen-and-china-ends-lockdown/10748209

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