# (LEAD) S. Korea to take steps to stabilize FX market if needed: official

> South Korea's First Vice Finance Minister said the government is ready to stabilize the foreign exchange market if needed. The won closed at 1,201 per dollar, its weakest close since July 2020, as expectations of faster Fed tightening weighed on it.

- Date: 2022-01-06 · published 2022-01-06T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/43372-lead-s-korea-to-take-steps-to-stabilize-fx-market-if-needed-official
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Continued won weakness raises the local cost of imported feed grains and meal, supporting higher domestic feed prices.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- en.yna.co.kr: https://en.yna.co.kr/view/AEN20220106006451320?section=market%2Feconomy

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