# US threatens Korea's forex sovereignty - The Korea Times

> The won strengthened sharply to 1,054.2 per dollar, its lowest level in more than three years, as Korea negotiated with the United States over greater transparency in its foreign exchange smoothing operations. Analysts expect Korea to reduce its market interventions, possibly pushing the rate below 1,000 won.

- Date: 2018-04-03 · published 2018-04-03T12:00:00.000Z
- Category: policy · region South Korea · magnitude medium
- Page: https://feedsoft.ai/events/65750-us-threatens-korea-s-forex-sovereignty-the-korea-times
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A policy shift toward less FX intervention could keep the won firm, lowering the local-currency cost of imported feed and raising import purchasing power in Korea. The impact on feed commodity prices is limited.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- koreatimes.co.kr: https://www.koreatimes.co.kr/economy/20180403/us-threatens-koreas-forex-sovereignty

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