# South Korean Won Finds Support in Foreign Investment, Joe Biden Transition

> The South Korean won extended its gains against the dollar on November 24 on optimism about COVID-19 vaccines and strong foreign investment. Foreign investors bought shares for 14 consecutive sessions, the longest buying spree in over four years. The KOSPI reached an all-time high as the US transition to Joe Biden advanced.

- Date: 2020-11-24 · published 2020-11-24T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/50397-south-korean-won-finds-support-in-foreign-investment-joe-biden-transition
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Won strength and foreign capital inflows lower the local cost of dollar-denominated feed imports for Korean buyers. The effect on global feed commodity prices is small.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- fxdailyreport.com: https://fxdailyreport.com/south-korean-won-finds-support-in-foreign-investment-joe-biden-transition/

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