# Market braces for stronger dollar - The Korea Times

> The Korean won weakened past 1,200 per dollar for the first time in nine months, opening at 1,205 on Friday. Analysts expect further depreciation toward 1,230 but expect authorities to slow the decline through intervention. The dollar has hit its strongest level against six major currencies since December 2002 after the Fed's rate hike.

- Date: 2016-12-23 · published 2016-12-23T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/73675-market-braces-for-stronger-dollar-the-korea-times
- 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 stronger dollar and weaker won raise the local cost of dollar-priced feed imports and can pressure Korean feed buyers' margins, while pressure on other Asian currencies may weigh on demand for US commodities.

## Read by commodity

- DXY: bullish ▲
- USDKRW: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-05-30 | [US dollar set to be stronger for longer - The Business Times](https://feedsoft.ai/events/36141-us-dollar-set-to-be-stronger-for-longer-the-business-times.md) | -0.5% | -1.4% |
| DXY | 2018-02-05 | [Hawkish Fed, strong dollar jolt Korean markets - The Korea Herald](https://feedsoft.ai/events/66721-hawkish-fed-strong-dollar-jolt-korean-markets-the-korea-herald.md) | +1.1% | +0.6% |
| DXY | 2021-03-24 | [What a stronger dollar means for the world](https://feedsoft.ai/events/48323-what-a-stronger-dollar-means-for-the-world.md) | +0.8% | -0.9% |
| DXY | 2017-10-30 | [Why breakouts in the dollar, Treasurys matter for the broader market](https://feedsoft.ai/events/68656-why-breakouts-in-the-dollar-treasurys-matter-for-the-broader-market.md) | -0.2% | -1.6% |
| DXY | 2019-04-22 | [The dollar is too strong for U.S. companies](https://feedsoft.ai/events/59765-the-dollar-is-too-strong-for-u-s-companies.md) | +0.7% | +1.5% |

## Sources

- koreatimes.co.kr: https://www.koreatimes.co.kr/economy/20161223/market-braces-for-stronger-dollar

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