# KRW likely to face downside risks in near term on external factors, says Nordea Bank | EconoTimes

> Moon Jae-in was elected South Korean president, but the won gained briefly before giving back its gains after North Korea threatened another nuclear test. Nordea Bank sees near-term downside risks for the won from geopolitics and the US dollar, with the longer-term outlook depending on the new government's economic policy.

- Date: 2017-05-10 · published 2017-05-10T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/71223-krw-likely-to-face-downside-risks-in-near-term-on-external-factors-says-nordea
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

The won is a regional currency proxy; a weaker won against the dollar makes Korean-bound feed and oilseed purchases more expensive in dollar terms and can shift Asian import demand.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- econotimes.com: https://econotimes.com/KRW-likely-to-face-downside-risks-in-near-term-on-external-factors-says-Nordea-Bank-694394

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