# South Korean Won Snaps 10-Week Losing Streak

> The won ended a 10-week run of losses against the dollar, with USD/KRW last seen at 1139.30 after touching a five-month high of 1144.50 earlier that week. Analysts pointed to a softer dollar after the Fed's comments and to hopes for a US-China trade deal, while the Bank of Korea was due to hold its policy review the following week.

- Date: 2019-04-13 · published 2019-04-13T12:00:00.000Z
- Category: market · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/59825-south-korean-won-snaps-10-week-losing-streak
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A firmer won slightly lowers the local cost of dollar-priced feed imports for Korean buyers. The move is routine currency trading with no major new supply or demand driver.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/25415/2019-04-13-south-korean-won-snaps-10week-losing-streak.html

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