# On the rise

> The Korean won closed at 1,145 per dollar on July 8, up 6.9 won, its weakest level since October 12, 2020. The move reflects a stronger dollar and domestic currency pressure during the pandemic period.

- Date: 2021-07-08 · published 2021-07-08T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/46316-on-the-rise
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A weaker won raises the local-currency cost of dollar-denominated feed imports, which can squeeze margins for Korean feed buyers.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- koreajoongangdaily.com: https://www.koreajoongangdaily.com/business/on-the-rise/11375618

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