# Korean won likely to further ascend on eased trade tensions, hope of US rate cut - The Korea Herald

> The Korean won closed at 1,196.90 per dollar on September 6, its third straight session of gains, and broke the 1,200 level for the first time since August 1. Gains were driven by a possible UK-EU Brexit deal, Hong Kong withdrawing its extradition bill, and renewed US-China trade talks.

- Date: 2019-09-07 · published 2019-09-07T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/57308-korean-won-likely-to-further-ascend-on-eased-trade-tensions-hope-of-us-rate-cut
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A stronger won lowers the local cost of dollar-priced feed imports, while easing trade tensions support sentiment for grain and meal demand.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- koreaherald.com: https://www.koreaherald.com/article/2095891

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