# Won’s Strength Puts Spotlight on Bank of Korea Policy Meeting - Infobae

> The Bloomberg article reports that the South Korean won posted Asia's strongest gain in the last quarter of 2020 and broke through the 1,100 per dollar level in December. It says the Bank of Korea's policy meeting this week will be watched for comments on the rally. Rising Treasury yields are seen as a possible hurdle to further gains.

- Date: 2021-01-11 · published 2021-01-11T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/49392-won-s-strength-puts-spotlight-on-bank-of-korea-policy-meeting-infobae
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A stronger won lowers the local cost of dollar-priced feed imports but squeezes Korean exporters, and it could prompt intervention. Feed buyers should watch the central bank's stance for any change in currency direction.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- infobae.com: https://www.infobae.com/en/2021/01/11/wons-strength-puts-spotlight-on-bank-of-korea-policy-meeting/

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