# FxWirePro: South Korean won trades marginally lower despite favourable base rate hike, retail sales and industrial production data | EconoTimes

> The South Korean won traded marginally lower against the euro despite a Bank of Korea base rate hike to 1.75% and better-than-expected October industrial output. EUR/KRW was trading near 1,273 with technical levels cited for support and resistance.

- Date: 2018-11-30 · published 2018-11-30T12:00:00.000Z
- Category: market · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/62261-fxwirepro-south-korean-won-trades-marginally-lower-despite-favourable-base-rate
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Currency moves in the won are a minor influence on feed commodity prices; the story is technical FX commentary with little direct effect on feed supply, demand or prices.

## Read by commodity

- USDKRW: neutral

## Sources

- econotimes.com: https://econotimes.com/FxWirePro-South-Korean-won-trades-marginally-lower-despite-favourable-base-rate-hike-retail-sales-and-industrial-production-data-1465762

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