# S. Korean won falls against US dollar amid fourth wave of COVID-19 infections

> The Korean won weakened to 1,148.5 per dollar on Wednesday, up 3.1 won, and touched 1,151.9 intraday. The dollar-won rate was pushed toward 1,150 by a jump in US consumer prices and by a COVID-19 resurgence in South Korea that prompted tighter social distancing in the Seoul area. The won has lost about 2% against the dollar this month while the dollar index fell 0.35%.

- Date: 2021-07-15 · published 2021-07-15T12:00:00.000Z
- Category: macro · region South Korea · magnitude medium
- Page: https://feedsoft.ai/events/46313-s-korean-won-falls-against-us-dollar-amid-fourth-wave-of-covid-19-infections
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A weaker won raises the local-currency cost of imported feed ingredients such as soybean meal, corn and wheat for Korean buyers, which can lift landed feed costs even when dollar prices are flat.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- english.hani.co.kr: https://english.hani.co.kr/arti/english_edition/e_business/1003717.html

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