# USD/KRW Rises Amid Double-Digit Growth for South Korean Exports

> The South Korean won extended its losses against the US dollar as producer prices rose 6.4% year-on-year in May. Exports advanced 29.5% in the first 20 days of June, supported by semiconductors, US fiscal stimulus and global demand.

- Date: 2021-06-22 · published 2021-06-22T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/46831-usd-krw-rises-amid-double-digit-growth-for-south-korean-exports
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Strong export growth and rising inflation are supportive of the won's weakness, raising the dollar cost of Korean imports including feed ingredients. The effect on feed grain prices is modest.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- fxdailyreport.com: https://fxdailyreport.com/usd-krw-rises-amid-double-digit-growth-for-south-korean-exports/

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