# Korean won dips to more than 2-yr low on concerns over trade spats, Fed outlook  - The Korea Times

> The Korean won closed at 1,198.0 per dollar on August 2, its weakest level since January 2017. The move followed President Trump's announcement of 10% tariffs on a further $300 billion of Chinese imports and Japan's removal of South Korea from its trusted-trading-partner list.

- Date: 2019-08-02 · published 2019-08-02T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/57830-korean-won-dips-to-more-than-2-yr-low-on-concerns-over-trade-spats-fed-outlook
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A weaker won increases the cost of imported feed for Korean buyers and reflects trade-war risk that can hit Korean export demand. This raises the cost of feed inputs priced in dollars.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- koreatimes.co.kr: https://www.koreatimes.co.kr/economy/20190802/korean-won-dips-to-more-than-2-yr-low-on-concerns-over-trade-spats-fed-outlook

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