# Gov't hints at intervening in forex market - The Korea Times

> South Korean Finance Minister Hong Nam-ki hinted at intervening in the foreign currency market to limit swings in the won, which had strengthened sharply against the dollar over the past month. The won closed at 1,131.9 per dollar, a 10-month high, on the day of the remarks.

- Date: 2020-10-22 · published 2020-10-22T12:00:00.000Z
- Category: policy · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/50863-gov-t-hints-at-intervening-in-forex-market-the-korea-times
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Possible intervention to slow won appreciation would support the dollar against the won, which affects Korean import costs for feed ingredients priced in dollars, though the direct effect on global feed prices is limited.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- koreatimes.co.kr: https://www.koreatimes.co.kr/economy/20201022/govt-hints-at-intervening-in-forex-market

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