# REFILE-UPDATE 2-S.Korea govt suspected of buying dollar as won shoots to 3-yr high

> South Korean foreign exchange authorities were suspected of buying dollars on January 8 as the won strengthened to its highest intraday level since October 2014. The won touched 1,058.8 per dollar before sharply reversing to 1,069.9 and ending at 1,066.

- Date: 2018-01-08 · published 2018-01-08T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/67216-refile-update-2-s-korea-govt-suspected-of-buying-dollar-as-won-shoots-to-3-yr
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A stronger won makes Korean imports cheaper but weighs on exporters, and intervention signals official resistance to further appreciation. The direct effect on feed-commodity prices is limited.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/article/southkorea-forex/refile-update-2-s-korea-govt-suspected-of-buying-dollar-as-won-shoots-to-3-yr-high-idUSL4N1P31JG/

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