# Top currency forecaster says Korea’s won vulnerable to trade war

> ING cut its year-end forecast for the Korean won by 11% to 1,180 per dollar, citing the risk of an intensifying US-China trade war. The bank called the won the most exposed floating Asian currency to that conflict, and noted it was already Asia's worst performer that month.

- Date: 2018-06-27 · published 2018-06-27T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/64743-top-currency-forecaster-says-korea-s-won-vulnerable-to-trade-war
- 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 forecast of a weaker won signals rising costs for South Korean feed and grain importers and a possible slowdown in Korean and Chinese demand, while the dollar strengthens against Asian currencies.

## Read by commodity

- DXY: bullish ▲
- USDKRW: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-12-06 | [AUD/USD: Trade Optimism & Forecast Beating NFP - Currency Live](https://feedsoft.ai/events/55814-aud-usd-trade-optimism-and-forecast-beating-nfp-currency-live.md) | -0.4% | -1.1% |
| DXY | 2021-01-28 | [ECB in ‘Currency War’ Over Euro, Commerzbank Strategist Says - Bloomberg](https://feedsoft.ai/events/49375-ecb-in-currency-war-over-euro-commerzbank-strategist-says-bloomberg.md) | +0.2% | -0.1% |
| DXY | 2019-11-27 | [Trade hopes lift dollar, rate cut forecast hobbles Aussie](https://feedsoft.ai/events/56325-trade-hopes-lift-dollar-rate-cut-forecast-hobbles-aussie.md) | -0.3% | -1.6% |
| DXY | 2024-04-17 | [Bank of Korea chief says won volatility a little 'excessive'](https://feedsoft.ai/events/30982-bank-of-korea-chief-says-won-volatility-a-little-excessive.md) | -0.3% | -1.0% |
| DXY | 2021-11-22 | [EUR/USD: Vulnerable to downside risks to Euro Area activity – Goldman Sachs](https://feedsoft.ai/events/44251-eur-usd-vulnerable-to-downside-risks-to-euro-area-activity-goldman-sachs.md) | +1.2% | +0.7% |

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2018/06/27/top-currency-forecaster-says-koreas-won-vulnerable-to-trade-war/

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