# USD/KRW: More upside but expect some fluctuation - ANZ - Forex Crunch

> The South Korean won gained 1.2% against the dollar in September, supported by bond inflows and easing equity selling. ANZ Bank expects USD/KRW to remain volatile ahead of the US election and to end 2020 around 1,170.

- Date: 2020-09-30 · published 2020-09-30T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/51318-usd-krw-more-upside-but-expect-some-fluctuation-anz-forex-crunch
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A stronger won reduces the local-currency cost of imported feed ingredients such as soybeans and corn, which is mildly supportive for Korean feed buyers' margins.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2020/09/30/usd-krw-more-upside-but-expect-some-fluctuation-anz/

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