# USD/KRW Price Analysis: S. Korean won spikes to weekly tops after N. Korea suspends military action — Octa

> The Korean won jumped nearly five big figures against the dollar, with USD/KRW falling to 1,203.81, a seven-day low, after North Korea reportedly cancelled plans to deploy more troops to the border. A broader slump in the US dollar also weighed on the pair. Analysts pointed to coronavirus community transmission in South Korea as a risk.

- Date: 2020-06-24 · published 2020-06-24T12:00:00.000Z
- Category: geopolitics · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/52854-usd-krw-price-analysis-s-korean-won-spikes-to-weekly-tops-after-n-korea
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A stronger won lowers the local-currency cost of imported feed grains and meal for Korean buyers. The move is driven by currency and geopolitical sentiment rather than any change in grain supply.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/830842/

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