# S.Korean won falls as Yellen signals rate hike; stocks edge up | Reuters

> The South Korean won weakened about 0.9% against the dollar on January 19 after Fed Chair Janet Yellen signaled a quick rate hike this year. The KOSPI index closed slightly higher, led by Samsung Electronics.

- Date: 2017-01-19 · published 2017-01-19T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/73205-s-korean-won-falls-as-yellen-signals-rate-hike-stocks-edge-up-reuters
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Fed tightening expectations strengthen the dollar, which can pressure dollar-priced commodities and raise import costs for Korean feed buyers.

## Read by commodity

- DXY: bullish ▲
- USDKRW: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-01-19 | [Stocks, currencies fall after Fed's Yellen signals rate hikes](https://feedsoft.ai/events/11875-stocks-currencies-fall-after-fed-s-yellen-signals-rate-hikes.md) | -0.4% | -1.5% |
| DXY | 2023-06-23 | [Stocks fall, dollar up as investors weigh more rate hikes \| Reuters](https://feedsoft.ai/events/35674-stocks-fall-dollar-up-as-investors-weigh-more-rate-hikes-reuters.md) | +0.6% | -0.7% |
| DXY | 2021-11-25 | [Asian stocks fall on dollar strength, Bank of Korea hikes rates \| Reuters](https://feedsoft.ai/events/44286-asian-stocks-fall-on-dollar-strength-bank-of-korea-hikes-rates-reuters.md) | -0.2% | -0.6% |
| DXY | 2018-11-09 | [S.Korean stocks, won slide as Fed remains bullish \| Reuters](https://feedsoft.ai/events/62260-s-korean-stocks-won-slide-as-fed-remains-bullish-reuters.md) | +0.2% | +1.0% |
| DXY | 2023-06-14 | [US dollar falls, but off four-week lows, as Fed signals more rate hikes \| Reuters](https://feedsoft.ai/events/35412-us-dollar-falls-but-off-four-week-lows-as-fed-signals-more-rate-hikes-reuters.md) | -0.4% | -1.7% |

## Sources

- reuters.com: https://www.reuters.com/article/markets/stocks/skorean-won-falls-as-yellen-signals-rate-hike-stocks-edge-up-idUSZZN2YXF00/

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