# Korean won hits 19-month high; all eyes on US election - KED Global

> The Korean won reached a 19-month high against the dollar, closing at 1,131.9 per dollar on October 21, 2020. The move tracked gains in the Chinese yuan and expectations of a new US stimulus package and a Biden election win.

- Date: 2020-10-21 · published 2020-10-21T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/50864-korean-won-hits-19-month-high-all-eyes-on-us-election-ked-global
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A stronger won and yuan reflect firmer Asian demand expectations, but the effect on feed grain and meal prices is minor compared with the currency move itself.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- kedglobal.com: https://www.kedglobal.com/foreign-exchange/newsView/ked202010210007

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