# Steep Weakening of the Korean Won l KBS WORLD

> The Korean won weakened in recent weeks to KRW 1,191 per USD on May 16, a 4.8% drop from a year earlier and a two-year low against the dollar. The decline is attributed to China's retaliatory tariffs on $60 billion of US goods and a slowdown in growth, and Nomura expects the BOK to hold rates before cutting later.

- Date: 2019-05-27 · published 2019-05-27T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/59317-steep-weakening-of-the-korean-won-l-kbs-world
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A weaker won raises the cost of imported feed for Korean buyers and reflects trade-war demand risks that could weigh on US export demand.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- rki.kbs.co.kr: http://rki.kbs.co.kr/service/contents_view.htm?board_code=akorea_economyPlus&board_seq=364244&id=&lang=e&menu_cate=business&page=13

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