# Won poised for rally as economic optimism eclipses virus concern

> The won is expected to strengthen as improved economic growth expectations help it break out of its narrow trading range against the dollar. The Bank of Korea raised its 2021 growth forecast to the mid-3% range, and the won had risen 1.4% in April to 1,116.50.

- Date: 2021-04-18 · published 2021-04-18T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/47830-won-poised-for-rally-as-economic-optimism-eclipses-virus-concern
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A stronger won makes Korean currency-linked feed import costs cheaper in dollar terms, a minor factor for feed buyers sourcing from Korea.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- ajot.com: https://www.ajot.com/news/won-poised-for-rally-as-economic-optimism-eclipses-virus-concern

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