# Won soars vs. dollar | Yonhap News Agency

> The won rallied sharply against the dollar on June 20, 2019, closing at 1,162.10 per dollar, up 14 won from the prior session. The move followed growing expectations of a US rate cut the next month.

- Date: 2019-06-20 · published 2019-06-20T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/58825-won-soars-vs-dollar-yonhap-news-agency
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The move reflects a broad dollar weakening after the dovish Fed signal, which tends to support dollar-priced commodities like grains and soybean meal.

## Read by commodity

- DXY: bearish ▼
- USDKRW: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-02-09 | [(LEAD) Dollar forecast to stay weak in short term \| Yonhap News Agency](https://feedsoft.ai/events/72748-lead-dollar-forecast-to-stay-weak-in-short-term-yonhap-news-agency.md) | +0.1% | +0.7% |
| DXY | 2026-01-28 | [Korean won rises to 3-month high amid broad weakness of U.S. dollar \| Yonhap News Agency](https://feedsoft.ai/events/21272-korean-won-rises-to-3-month-high-amid-broad-weakness-of-u-s-dollar-yonhap-news.md) | +0.4% | +0.3% |
| DXY | 2019-01-04 | [Dollar drops to two-month low - ANBA News Agency](https://feedsoft.ai/events/61299-dollar-drops-to-two-month-low-anba-news-agency.md) | -1.2% | -1.4% |
| DXY | 2025-06-27 | [SK Won Rises as Dollar Slips](https://feedsoft.ai/events/24447-sk-won-rises-as-dollar-slips.md) | -0.3% | +0.3% |
| DXY | 2023-03-31 | [Dollar dips against dong on black market VnExpress News](https://feedsoft.ai/events/37173-dollar-dips-against-dong-on-black-market-vnexpress-news.md) | -0.1% | +0.0% |

## Sources

- en.yna.co.kr: https://en.yna.co.kr/view/PYH20190620181800320

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