# FxWirePro: Mounting hedging needs of South Korean exporters as USD/KRW on track of extending 1-year lows amid lingering hawks around BoK | EconoTimes

> USD/KRW touched its lowest level of the year as the won gained more than 1% in a week on expectations of a Bank of Korea rate hike. Exporter hedging demand and an IMF growth upgrade added to the pressure.

- Date: 2017-11-16 · published 2017-11-16T12:00:00.000Z
- Category: market · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/68218-fxwirepro-mounting-hedging-needs-of-south-korean-exporters-as-usd-krw-on-track
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A firmer won lowers USD/KRW, reducing the local-currency cost of imported feed ingredients for Korean buyers.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- econotimes.com: https://econotimes.com/FxWirePro-Mounting-hedging-needs-of-South-Korean-exporters-as-USD-KRW-on-track-of-extending-1-year-lows-amid-lingering-hawks-around-BoK-1012689

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