# USD/KRW rises to six-month high as coronavirus spreads into South Korea — Octa

> USD/KRW rose 0.67% to 1,217.50, its highest level since late August 2019, as South Korea reported 161 new cases and a seventh death. Officials signaled readiness for extra budget measures and the Kospi lost 2.88%.

- Date: 2020-02-24 · published 2020-02-24T12:00:00.000Z
- Category: disease · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/54825-usd-krw-rises-to-six-month-high-as-coronavirus-spreads-into-south-korea-octa
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Safe-haven dollar strength and a weaker won reflect growing outbreak risk to Asian demand, which mildly pressures commodity prices tied to regional consumption.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/798972/

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