# South Korea | After a weak Q1, the won should post modest gains | Oxford Economics

> Oxford Economics expects the Korean won to post modest gains against the dollar despite broad dollar strength in 2021. It cites a positive real yield spread over the US, a strong export outlook and valuations that it does not consider stretched.

- Date: 2021-04-23 · published 2021-04-23T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/47831-south-korea-after-a-weak-q1-the-won-should-post-modest-gains-oxford-economics
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A firmer won has little direct effect on grain or meal prices, so the impact on feed markets is limited.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- oxfordeconomics.com: https://www.oxfordeconomics.com/resource/south-korea-after-a-weak-q1-the-won-should-post-modest-gains/

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