# KRW starts the week on a strong note

> The Korean won gapped stronger against the dollar, with USD/KRW falling almost 0.8%, after Kim Jong Un pledged in a joint statement to pursue denuclearisation and an end to the Korean war. The move came as tensions with North Korea eased.

- Date: 2018-04-30 · published 2018-04-30T12:00:00.000Z
- Category: geopolitics · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/65749-krw-starts-the-week-on-a-strong-note
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A stronger won reduces the local-currency cost of imported feed inputs for Korea and may limit the Bank of Korea's room to tighten policy. The effect on grain and meal prices is minor.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- investinglive.com: https://investinglive.com/news/!/krw-starts-the-week-on-a-strong-note-20180430

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