# S.Korean won marks best day in over 1 month on rate hike hopes

> The won strengthened 0.4% to 1,194.70 per dollar, its best session since December 1. Traders pointed to robust partial January trade data and expectations of Bank of Korea tightening, along with easing COVID-19 cases and fading worries over a North Korean missile test.

- Date: 2022-01-11 · published 2022-01-11T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/43371-s-korean-won-marks-best-day-in-over-1-month-on-rate-hike-hopes
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A firmer won slightly lowers the local currency cost of imported feed ingredients, though the move is small and short-lived.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/stocks/skorean-won-marks-best-day-over-1-month-rate-hike-hopes-2022-01-11/

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