# Won expected to lose more ground against dollar - The Korea Times

> Analysts expect the won to weaken further as the coronavirus spreads faster than expected, with the won closing at 1,209.2 per dollar on Friday. The won-dollar rate was its highest since September, and Standard Chartered sees possible levels up to 1,250.

- Date: 2020-02-21 · published 2020-02-21T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/54823-won-expected-to-lose-more-ground-against-dollar-the-korea-times
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A falling won and safe-haven dollar demand reflect expected supply-chain disruption and weaker Korean earnings, which mainly signals softer demand for imported feed inputs from Korea.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-06-21 | [Korean won continues to weaken against dollar - The Korea Times](https://feedsoft.ai/events/64742-korean-won-continues-to-weaken-against-dollar-the-korea-times.md) | +0.4% | +0.4% |
| DXY | 2025-02-12 | [Dollar gains on yen as consumer prices rise more than expected](https://feedsoft.ai/events/26225-dollar-gains-on-yen-as-consumer-prices-rise-more-than-expected.md) | -0.5% | -2.0% |
| DXY | 2026-10-01 | [S. Korean won weakens against US dollar on lingering worries over higher yields - The Korea Times](https://feedsoft.ai/events/17293-s-korean-won-weakens-against-us-dollar-on-lingering-worries-over-higher-yields.md) | +0.2% | +0.6% |
| DXY | 2018-07-19 | [Brazilian Real and Argentine Peso lose ground against the dollar — MercoPress](https://feedsoft.ai/events/64233-brazilian-real-and-argentine-peso-lose-ground-against-the-dollar-mercopress.md) | -0.4% | +1.6% |
| DXY | 2023-10-12 | [Dollar gains after US consumer prices rise more than expected](https://feedsoft.ai/events/33817-dollar-gains-after-us-consumer-prices-rise-more-than-expected.md) | +0.9% | -0.6% |

## Sources

- koreatimes.co.kr: https://www.koreatimes.co.kr/economy/20200221/won-expected-to-lose-more-ground-against-dollar

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