# USD/KRW to end 2020 at 1170 helped by an export rebound and further USD weakness – ANZ — Octa

> ANZ economists forecast USD/KRW will end 2020 at 1170, citing an expected export rebound and further US dollar weakness. The won has traded mostly in a 1,190–1,210 range since spiking to 1,294 in March. ANZ expects gradual won appreciation into 2021 and says the central bank has ended its rate-cut cycle.

- Date: 2020-07-31 · published 2020-07-31T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/52334-usd-krw-to-end-2020-at-1170-helped-by-an-export-rebound-and-further-usd
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger won and export recovery in South Korea signal firmer demand for imported feed inputs and better buying power for a major feed importer. Currency moves of this kind have little direct effect on grain prices but affect Korean import costs.

## Read by commodity

- DXY: bearish ▼
- USDKRW: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-05-19 | [Dollar set for more weakness as 'Brand USA' falls further out of favor \| Reuters](https://feedsoft.ai/events/24861-dollar-set-for-more-weakness-as-brand-usa-falls-further-out-of-favor-reuters.md) | -1.4% | -2.4% |
| DXY | 2020-08-28 | [USD: Fed has set up the dollar for further weakness - MUFG - Forex Crunch](https://feedsoft.ai/events/51792-usd-fed-has-set-up-the-dollar-for-further-weakness-mufg-forex-crunch.md) | -0.5% | +1.0% |
| DXY | 2026-01-29 | [USD/CAD slides to 1.3530, pressured by bullish Oil and weak USD](https://feedsoft.ai/events/21290-usd-cad-slides-to-1-3530-pressured-by-bullish-oil-and-weak-usd.md) | +0.6% | +0.3% |
| DXY | 2023-03-23 | [A weaker USD should support commodity markets – ANZ — Octa](https://feedsoft.ai/events/36778-a-weaker-usd-should-support-commodity-markets-anz-octa.md) | -0.7% | -1.1% |
| DXY | 2017-08-29 | [USD: Guided by the Fed’s expectations - BBH — Octa](https://feedsoft.ai/events/69639-usd-guided-by-the-fed-s-expectations-bbh-octa.md) | -0.3% | +0.5% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/839766/

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