# South Korea says renewed FX swap lines with China, amid signs of easing tensions

> South Korea agreed with China to extend its $56 billion currency swap line for three years, a move seen as easing diplomatic tensions. The won rose to a three-week high at 1,129.6 per dollar after the announcement.

- Date: 2017-10-13 · published 2017-10-13T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/68695-south-korea-says-renewed-fx-swap-lines-with-china-amid-signs-of-easing-tensions
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

The swap extension strengthens the won modestly and reduces near-term currency stress, with minimal direct impact on feed grain or meal prices.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/article/us-southkorea-china-currency-swaps/south-korea-says-renewed-fx-swap-lines-with-china-amid-signs-of-easing-tensions-idUSKBN1CI05B/?il=0

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