# USD/KRW Price Analysis: South Korean won slips from multi-day tops, eyes $1,230 — Octa

> The Korean won weakened slightly against the dollar after President Moon warned that second-quarter growth will likely deteriorate due to the coronavirus. Attention also focused on unconfirmed reports about North Korean leader Kim Jong-un's health.

- Date: 2020-04-28 · published 2020-04-28T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/53887-usd-krw-price-analysis-south-korean-won-slips-from-multi-day-tops-eyes-1-230
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Weaker growth expectations and risk-off dollar demand push the won lower, which raises the local cost of dollar-priced imports such as feed ingredients. The effect on grain prices is limited.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/816274/

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