# Why Korean won lacks luster, despite dollar’s weak trend - KED Global

> The won has traded in a 1,190 to 1,210 per dollar range over the past two months, down 3% year to date, despite broad dollar weakness. The dollar index fell 4.1% in July, its biggest monthly drop since 2010, as investors bought risk assets on hopes for COVID-19 vaccines.

- Date: 2020-08-03 · published 2020-08-03T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/51852-why-korean-won-lacks-luster-despite-dollar-s-weak-trend-ked-global
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

This is currency analysis with no direct feed supply or demand mechanism, so it has little bearing on feed ingredient prices.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-02-24 | [South Korean Won Rises on Weak US Dollar](https://feedsoft.ai/events/26307-south-korean-won-rises-on-weak-us-dollar.md) | +0.9% | -0.7% |
| DXY | 2020-12-03 | [KRW strengthens to 2.5-year high as Korean stocks rally - KED Global](https://feedsoft.ai/events/49891-krw-strengthens-to-2-5-year-high-as-korean-stocks-rally-ked-global.md) | -0.5% | -1.2% |
| DXY | 2018-01-24 | [Why the dollar is weak](https://feedsoft.ai/events/67171-why-the-dollar-is-weak.md) | -0.8% | -0.1% |
| DXY | 2026-07-30 | [Australian Dollar rallies despite softer CPI as US Dollar tumbles after Fed, weaker data](https://feedsoft.ai/events/18598-australian-dollar-rallies-despite-softer-cpi-as-us-dollar-tumbles-after-fed.md) | -1.2% | -1.9% |
| DXY | 2024-07-26 | [Yuan Snaps Losing Streak as Dollar Loses Ground - Caixin Global](https://feedsoft.ai/events/7519-yuan-snaps-losing-streak-as-dollar-loses-ground-caixin-global.md) | +0.3% | -0.9% |

## Sources

- kedglobal.com: https://www.kedglobal.com/us/foreign-exchange/newsView/ked202008030001

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