# Korean shares and currency recover on eased rate uncertainty after Fed hike roadmap - 매일경제 영문뉴스 펄스(Pulse)

> Korean shares and the won recovered on March 17, 2022 as uncertainty over US rates eased. The US Federal Reserve raised its target range by 25 basis points, its first hike in over three years, and signaled six hikes in 2022. The Kospi and Kosdaq gained about 2%, and the dollar slipped nearly 1% to about 1,225 won.

- Date: 2022-03-17 · published 2022-03-17T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/42505-korean-shares-and-currency-recover-on-eased-rate-uncertainty-after-fed-hike
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A firmer Fed path supports the dollar and tightens global financing, which typically weighs on emerging-market currencies and raises the cost of dollar-denominated commodity purchases. The relief rally reduces near-term currency stress for Korean importers.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- pulse.mk.co.kr: https://pulse.mk.co.kr/news/english/10255598

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