# South Korean forex authorities intervene to curb won's fall - Asia Times

> South Korean foreign exchange authorities sold dollars to curb the won's fall after the US labeled China a currency manipulator. The won touched an intraday low of 1,223.0 per dollar but closed at 1,215.3. Regulators signaled further steps to stabilize the stock market if needed.

- Date: 2019-08-07 · published 2019-08-07T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/57832-south-korean-forex-authorities-intervene-to-curb-won-s-fall-asia-times
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Intervention limits short-term won weakness, which moderates the rise in Korean feed import costs. The effect on feed prices is limited as long as authorities keep defending the currency.

## Read by commodity

- USDKRW: neutral

## Sources

- asiatimes.com: https://asiatimes.com/2019/08/south-korean-forex-authorities-intervene-to-curb-wons-fall/

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