# Dollar's weakness pushes won to 30-month high

> The won closed at 1,097 per US dollar on December 3, its strongest level in about 30 months, as vaccine optimism and expected US fiscal stimulus weakened the dollar. Korea's foreign reserves rose $9.87 billion in November.

- Date: 2020-12-03 · published 2020-12-03T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/49890-dollar-s-weakness-pushes-won-to-30-month-high
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer won lowers the local cost of dollar-priced feed imports, while a weaker dollar tends to support global commodity prices quoted in USD.

## Read by commodity

- DXY: bearish ▼
- USDKRW: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-01-28 | [Korean won rises to 3-month high amid broad weakness of U.S. dollar \| Yonhap News Agency](https://feedsoft.ai/events/21272-korean-won-rises-to-3-month-high-amid-broad-weakness-of-u-s-dollar-yonhap-news.md) | +0.4% | +0.3% |
| DXY | 2021-07-29 | [USD/CAD: U.S. Dollar Weakness Pushes Loonie to Two-Week High; Volatility To Last \| FXEmpire](https://feedsoft.ai/events/46271-usd-cad-u-s-dollar-weakness-pushes-loonie-to-two-week-high-volatility-to-last.md) | -0.3% | +0.4% |
| DXY | 2017-07-31 | [Pound hits 10-month high of $1.32 on dollar's Trump slump](https://feedsoft.ai/events/70203-pound-hits-10-month-high-of-1-32-on-dollar-s-trump-slump.md) | +0.3% | -0.5% |
| DXY | 2017-07-31 | [More dollar weakness ahead?](https://feedsoft.ai/events/70152-more-dollar-weakness-ahead.md) | +0.3% | -0.5% |
| DXY | 2017-09-20 | [Australian dollar pushed higher by US dollar weakness - ABC News](https://feedsoft.ai/events/69181-australian-dollar-pushed-higher-by-us-dollar-weakness-abc-news.md) | +1.1% | +1.9% |

## Sources

- koreajoongangdaily.com: https://www.koreajoongangdaily.com/business/dollars-weakness-pushes-won-to-30month-high/10621005

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