# Exchange, interest rates soar in S. Korea amid US consumer price fears

> The won fell 8 won to 1,233.1 per dollar on April 12, and the three-year Korean treasury yield reached 3.186%, its highest in almost a decade. The moves followed expectations of hot US March consumer inflation and tighter Federal Reserve policy.

- Date: 2022-04-12 · published 2022-04-12T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/42077-exchange-interest-rates-soar-in-s-korea-amid-us-consumer-price-fears
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Expectations of Fed tightening are strengthening the dollar and raising import costs in won terms. Higher Korean rates also add to financing costs for feed and livestock operators.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- english.hani.co.kr: https://english.hani.co.kr/arti/english_edition/e_business/1038607.html

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