# South Korean won, peso lead gains but tone cautious ahead of Jackson Hole

> The South Korean won and Mexican peso gained ahead of the Jackson Hole economic symposium, though trading remained cautious. The article describes routine currency moves without a major new shock. Traders were positioning ahead of expected central bank commentary.

- Date: 2017-08-24 · published 2017-08-24T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/69688-south-korean-won-peso-lead-gains-but-tone-cautious-ahead-of-jackson-hole
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Modest gains in the won and peso lower the local-currency cost of dollar-priced feed imports, but the move is small and driven by routine positioning.

## Read by commodity

- USDKRW: bearish ▼
- USDMXN: bearish ▼

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2017/08/24/south-korean-won-peso-lead-gains-but-tone-cautious-ahead-of-jackson-hole/1449811

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