# BOK offers additional $1.2b to banks via US currency swap - The Korea Herald

> The Bank of Korea said it will deliver an additional $1.26 billion to local banks via its US dollar currency swap with the Federal Reserve. Bids in its fifth online auction undershot the $4 billion target, and the BOK has so far extended about $17 billion through the line.

- Date: 2020-04-27 · published 2020-04-27T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/53886-bok-offers-additional-1-2b-to-banks-via-us-currency-swap-the-korea-herald
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Dollar liquidity support eases funding stress that pushed the won to decade lows, reducing near-term pressure on the currency. For feed buyers this is a macro currency story with little direct effect on grain or meal prices.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- koreaherald.com: https://www.koreaherald.com/article/2296289

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