# [ED] Fears of a weakening won - The Korea Times

> The Korean won hit a two-year low of 1,250.8 per dollar on April 26, down 0.9 won from the previous day, and has depreciated more than 9% from last year's average. The weakness reflects US monetary tightening, China's COVID lockdowns and a trade deficit driven by high oil prices.

- Date: 2022-04-26 · published 2022-04-26T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/42080-ed-fears-of-a-weakening-won-the-korea-times
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Import prices in Korea rose 35% year on year in March, so continued won weakness raises the cost of imported feed and energy. Foreign outflows from Korean equities could also add pressure on the currency.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- koreatimes.co.kr: https://www.koreatimes.co.kr/opinion/editorial/20220426/ed-fears-of-a-weakening-won

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