# S Korea’s won surges in December - Gulf Times

> South Korea's won was the best-performing Asian currency in December after being the worst over the previous 11 months, rising 1.7% this month. The gains followed the US-China phase-one trade deal announced December 13 and improving local data such as higher consumer confidence and a manufacturing gauge rising for a second month.

- Date: 2019-12-30 · published 2019-12-30T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/55791-s-korea-s-won-surges-in-december-gulf-times
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A firmer won and easing trade-war escalation support Korean import demand for feed ingredients and reduce the risk premium on emerging-market currencies, a modest supportive factor for feed buyers in the region.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- gulf-times.com: https://www.gulf-times.com/story/652061/s-koreas-won-surges-in-december

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