# Won 2nd-Biggest Gainer Against Greenback

> The Bank of Korea said the won had gained 5.2% against the US dollar so far in 2017, trading below 1,150 per dollar. Only the Australian dollar had risen faster among major currencies. The gain was attributed to concerns that Trump's protectionist policies could hurt Korea's export-dependent economy.

- Date: 2017-02-06 · published 2017-02-06T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/72751-won-2nd-biggest-gainer-against-greenback
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A stronger won reduces the local-currency cost of dollar-denominated feed imports into Korea. The move reflects currency pressure rather than a change in grain supply or demand.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- chosun.com: https://www.chosun.com/english/industry-en/2017/02/06/RPR5B5EUAF6ATL4Y4UGQUKWJ6I/

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