# Korean won near 2-month high after BoK keeps rates to boost gr...

> The Korean won rallied sharply on January 31 after the Bank of Korea kept its base rate at 1.25%. The won was supported by broad dollar weakness following risk-off moves linked to Trump's travel ban.

- Date: 2017-01-31 · published 2017-01-31T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/73209-korean-won-near-2-month-high-after-bok-keeps-rates-to-boost-gr
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer won lowers the local cost of dollar-priced feed imports, though the effect on global feed prices is limited.

## Read by commodity

- DXY: bearish ▼
- USDKRW: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-01-28 | [Korean won rises to 3-month high amid broad weakness of U.S. dollar \| Yonhap News Agency](https://feedsoft.ai/events/21272-korean-won-rises-to-3-month-high-amid-broad-weakness-of-u-s-dollar-yonhap-news.md) | +0.4% | +0.3% |
| DXY | 2022-12-02 | [Korea won near 5-mth high as Powell signals slower hikes - KED Global](https://feedsoft.ai/events/38454-korea-won-near-5-mth-high-as-powell-signals-slower-hikes-ked-global.md) | +0.3% | -0.5% |
| DXY | 2017-01-24 | [Rand firmer after Sarb keeps rates on hold - Moneyweb](https://feedsoft.ai/events/73270-rand-firmer-after-sarb-keeps-rates-on-hold-moneyweb.md) | -0.4% | -0.6% |
| DXY | 2021-09-01 | [Euro holds near one-month high after inflation jolt \| Reuters](https://feedsoft.ai/events/45265-euro-holds-near-one-month-high-after-inflation-jolt-reuters.md) | +0.1% | +1.4% |
| DXY | 2024-08-26 | [Seoul shares down for 2nd day after Fed chief's remarks; won at over 5-month high - The Korea Herald](https://feedsoft.ai/events/29038-seoul-shares-down-for-2nd-day-after-fed-chief-s-remarks-won-at-over-5-month.md) | +0.7% | -0.0% |

## Sources

- ibtimes.sg: https://www.ibtimes.sg/korean-won-back-near-2-month-high-after-bok-keeps-rates-boost-growth-dollar-slide-7067

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