# EMERGING MARKETS-Recovery fears hit South Korea's won as U.S. dollar firms

> South Korea's won was the biggest loser in Asian emerging markets on August 24 as a modest rebound in the dollar weighed on regional currencies. The central bank governor warned that a recent surge in coronavirus infections would likely weaken the economic recovery, and markets were positioning ahead of the Jackson Hole symposium.

- Date: 2020-08-24 · published 2020-08-24T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/51853-emerging-markets-recovery-fears-hit-south-korea-s-won-as-u-s-dollar-firms
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

This is emerging-market currency coverage driven by growth worries and dollar moves, with no direct effect on feed commodity supply, demand or prices.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-02-02 | [EMERGING MARKETS-Latam FX come off multi-year highs as dollar firms \| Kitco News](https://feedsoft.ai/events/37616-emerging-markets-latam-fx-come-off-multi-year-highs-as-dollar-firms-kitco-news.md) | +1.3% | +2.1% |
| DXY | 2024-08-05 | [Emerging Markets equities slump as US recession fears spark global selloff](https://feedsoft.ai/events/12017-emerging-markets-equities-slump-as-us-recession-fears-spark-global-selloff.md) | -0.4% | -0.9% |
| DXY | 2026-09-17 | [South Korean Won Crashes to Three-Week Low Near 1,380 as Fed Hike, Dollar Surge and Foreign Outflows Hit KRW - Today Markets UAE](https://feedsoft.ai/events/17714-south-korean-won-crashes-to-three-week-low-near-1-380-as-fed-hike-dollar-surge.md) | +1.0% | +2.2% |
| DXY | 2023-04-17 | [EMERGING MARKETS-Peru's sol outpaces Latam FX, firm dollar caps gains \| Kitco News](https://feedsoft.ai/events/36695-emerging-markets-peru-and-apos-s-sol-outpaces-latam-fx-firm-dollar-caps-gains.md) | +0.4% | +0.4% |
| DXY | 2020-03-19 | [Why the U.S. dollar’s relentless rally is causing pain for emerging markets - MarketWatch](https://feedsoft.ai/events/7018-why-the-u-s-dollar-s-relentless-rally-is-causing-pain-for-emerging-markets.md) | +0.5% | -0.9% |

## Sources

- sg.finance.yahoo.com: https://sg.finance.yahoo.com/news/emerging-markets-recovery-fears-hit-060324080.html

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