# S. Korea Pres. Moon: Govt. plans to provide 9.3 trillion won in support measures, USD/KRW remains heavy - Forex Crunch

> President Moon Jae-in said the government plans to provide 9.3 trillion won in support measures to fight the latest coronavirus wave. USD/KRW fell to 1,093, down 0.32% on the day, amid broad dollar weakness.

- Date: 2020-12-29 · published 2020-12-29T12:00:00.000Z
- Category: policy · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/49893-s-korea-pres-moon-govt-plans-to-provide-9-3-trillion-won-in-support-measures
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Domestic fiscal support and a softer dollar both point to a firmer won, which lowers Korean feed import costs in local currency.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2020/12/29/s-korea-pres-moon-govt-plans-to-provide-9-3-trillion-won-in-support-measures-usd-krw-remains-heavy/

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