# Korea's FX reserves climb in Nov. - The Korea Herald

> South Korea's foreign exchange reserves rose by $240 million in November to $402.99 billion, according to the Bank of Korea. The increase came as the US dollar index retreated 0.2% against six major currencies, lifting the value of non-dollar holdings. The total slightly trails the all-time high of $403 billion set in September.

- Date: 2018-12-05 · published 2018-12-05T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/61773-korea-s-fx-reserves-climb-in-nov-the-korea-herald
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar lifts the dollar value of non-dollar reserves and generally supports Asian currencies, with limited direct impact on feed grain prices.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-05-12 | [More Accommodation Coming from the Federal Reserve? - ADM Investor Services](https://feedsoft.ai/events/53038-more-accommodation-coming-from-the-federal-reserve-adm-investor-services.md) | -0.4% | -3.8% |
| DXY | 2024-08-26 | [Seoul shares down for 2nd day after Fed chief's remarks; won at over 5-month high - The Korea Herald](https://feedsoft.ai/events/29038-seoul-shares-down-for-2nd-day-after-fed-chief-s-remarks-won-at-over-5-month.md) | +0.7% | -0.0% |
| DXY | 2020-11-09 | [What strong won on back of Biden victory means for S. Korea - The Korea Herald](https://feedsoft.ai/events/50395-what-strong-won-on-back-of-biden-victory-means-for-s-korea-the-korea-herald.md) | -0.1% | -1.7% |
| DXY | 2020-10-21 | [The Federal Reserve’s New Monetary Policy Strategy](https://feedsoft.ai/events/50554-the-federal-reserve-s-new-monetary-policy-strategy.md) | -0.2% | -1.6% |
| DXY | 2019-01-30 | [U.S. Dollar Dives after Federal Reserve Moves to the Sidelines](https://feedsoft.ai/events/61290-u-s-dollar-dives-after-federal-reserve-moves-to-the-sidelines.md) | +0.0% | +0.2% |

## Sources

- koreaherald.com: https://www.koreaherald.com/article/1857708

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