# Singapore Dollar (SGD), Korean Won (KRW) Dumped on Virus Concern - Bloomberg

> The won fell more than 1% and the Singapore dollar hit its lowest in almost three years as investors sold riskier assets over coronavirus spread. The Australian dollar slid to an 11-year low, with the yuan also weaker.

- Date: 2020-02-20 · published 2020-02-20T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/54822-singapore-dollar-sgd-korean-won-krw-dumped-on-virus-concern-bloomberg
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Risk-off flows strengthen the dollar against Asian and commodity-linked currencies, which can weigh on US dollar-denominated grain and oilseed prices in the near term.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-04-17 | [KRW USD: South Korean Officials Ramp Up Warnings on Won Weakness - Bloomberg](https://feedsoft.ai/events/30981-krw-usd-south-korean-officials-ramp-up-warnings-on-won-weakness-bloomberg.md) | -0.3% | -1.0% |
| DXY | 2016-11-17 | [A Primer on the Dollar's Surge - Bloomberg](https://feedsoft.ai/events/8326-a-primer-on-the-dollar-s-surge-bloomberg.md) | +1.1% | +1.7% |
| DXY | 2017-11-01 | [U.S. Stocks Rise With Dollar on Fed Economy Views: Markets Wrap - Bloomberg](https://feedsoft.ai/events/68153-u-s-stocks-rise-with-dollar-on-fed-economy-views-markets-wrap-bloomberg.md) | +0.1% | -1.2% |
| DXY | 2022-10-01 | [Korean Won Slides Most in Three Months as Dollar Jumps on US CPI](https://feedsoft.ai/events/39826-korean-won-slides-most-in-three-months-as-dollar-jumps-on-us-cpi.md) | -0.2% | +0.1% |
| DXY | 2016-06-27 | [China Weakens Yuan Fixing by Most Since August as Dollar Surges - Bloomberg](https://feedsoft.ai/events/12454-china-weakens-yuan-fixing-by-most-since-august-as-dollar-surges-bloomberg.md) | -0.4% | +0.9% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2020-02-20/singapore-dollar-won-bear-selling-brunt-of-virus-spread-fears

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