# Dollar deposits jump as punters bet on currency's rebound

> Foreign currency deposits in South Korean banks reached a record $52.8 billion as of November 19, as speculators bet on a dollar rebound. The dollar traded near 1,100 won, down from a March high of 1,271. Analysts attributed the dollar's decline to US quantitative easing and expected Biden-era fiscal spending.

- Date: 2020-11-23 · published 2020-11-23T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/50396-dollar-deposits-jump-as-punters-bet-on-currency-s-rebound
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Speculative dollar positioning in Korea signals expectations of won volatility, which affects local feed import costs. It has little direct effect on global feed commodity prices.

## Read by commodity

- DXY: bearish ▼
- USDKRW: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-08-06 | [Dollar falls as traders bet on more rate cuts](https://feedsoft.ai/events/23519-dollar-falls-as-traders-bet-on-more-rate-cuts.md) | -0.5% | -0.3% |
| DXY | 2021-08-27 | [Asian Currency Outlook: Bearish Bets Decline as Dollar Eases](https://feedsoft.ai/events/45814-asian-currency-outlook-bearish-bets-decline-as-dollar-eases.md) | -0.9% | -0.0% |
| DXY | 2020-07-29 | [Is the US dollar losing its clout as the world's reserve currency?](https://feedsoft.ai/events/52391-is-the-us-dollar-losing-its-clout-as-the-world-s-reserve-currency.md) | +0.4% | -0.4% |
| DXY | 2026-02-04 | [U.S. dollar rebound to be cut short by rate cut bets, doubts over Fed independence: Reuters poll \| Reuters](https://feedsoft.ai/events/20836-u-s-dollar-rebound-to-be-cut-short-by-rate-cut-bets-doubts-over-fed.md) | -0.4% | +0.9% |
| DXY | 2021-07-29 | [Brazil's real, Colombian peso jump as Fed dents dollar](https://feedsoft.ai/events/46262-brazil-s-real-colombian-peso-jump-as-fed-dents-dollar.md) | -0.3% | +0.4% |

## Sources

- koreajoongangdaily.com: https://www.koreajoongangdaily.com/business/dollar-deposits-jump-as-punters-bet-on-currencys-rebound/11080965

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