# Korean won continues to weaken against dollar - The Korea Times

> The Korean won weakened past 1,100 per dollar for the first time since November, closing at 1,109.1 on June 19 as global funds sold local assets. Analysts linked the selloff to the US-China trade war, which threatens Korean exports, and to expectations of faster Fed rate hikes.

- Date: 2018-06-21 · published 2018-06-21T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/64742-korean-won-continues-to-weaken-against-dollar-the-korea-times
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker won makes Korean buyers of US feed commodities pay more in local terms and can signal weaker export-driven demand; the currency move is driven by trade tensions and Fed policy rather than grain supply.

## Read by commodity

- DXY: bullish ▲
- USDKRW: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-02-21 | [Won expected to lose more ground against dollar - The Korea Times](https://feedsoft.ai/events/54823-won-expected-to-lose-more-ground-against-dollar-the-korea-times.md) | +0.1% | +6.7% |
| DXY | 2026-10-01 | [S. Korean won weakens against US dollar on lingering worries over higher yields - The Korea Times](https://feedsoft.ai/events/17293-s-korean-won-weakens-against-us-dollar-on-lingering-worries-over-higher-yields.md) | +0.2% | +0.6% |
| DXY | 2024-10-25 | [US dollar forecast to continue strengthening against dong](https://feedsoft.ai/events/28167-us-dollar-forecast-to-continue-strengthening-against-dong.md) | +0.2% | +2.4% |
| DXY | 2016-11-29 | [Watch Dollar Advance Against Yen to Continue? - Bloomberg](https://feedsoft.ai/events/74084-watch-dollar-advance-against-yen-to-continue-bloomberg.md) | -0.5% | +1.0% |
| DXY | 2023-10-29 | [S-E Asia continues to feel the heat from US dollar's hot streak - The Business Times](https://feedsoft.ai/events/33928-s-e-asia-continues-to-feel-the-heat-from-us-dollar-s-hot-streak-the-business.md) | -1.5% | -3.3% |

## Sources

- koreatimes.co.kr: https://www.koreatimes.co.kr/economy/20180621/korean-won-continues-to-weaken-against-dollar

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