# Seoul: Won eases to 1-week low; markets ignore Park's arrest - The Business Times

> The South Korean won weakened to a one-week low at 1,120.9 per dollar early Friday, ahead of a US Treasury currency report. Former president Park Geun Hye was arrested after a court-approved warrant, but the arrest had little effect on local markets.

- Date: 2017-03-30 · published 2017-03-30T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/72243-seoul-won-eases-to-1-week-low-markets-ignore-park-s-arrest-the-business-times
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A weaker won modestly lifts the cost of imported feed grains and soybean meal for Korean buyers, while the pending US currency report is a risk to exchange-rate expectations. Impact on agricultural prices is limited.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/seoul-won-eases-1-week-low-markets-ignore-parks-arrest

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