# Forex reserves fall $3.2B

> South Korea's foreign exchange reserves fell $3.2 billion in November to $372 billion, the second monthly decline and the largest since July 2015. The drop was driven by dollar strength after Trump's election and expectations of a Fed rate hike. Analysts expect the won could fall to 1,300 per dollar next year.

- Date: 2016-12-05 · published 2016-12-05T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/73684-forex-reserves-fall-3-2b
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Reserve depletion and expected won weakness signal pressure on Korean import capacity and currency, which raises the local cost of dollar-priced feed imports.

## Read by commodity

- DXY: bullish ▲
- USDKRW: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-10-05 | [South Korea foreign-exchange reserves fall for second month in September on market intervention](https://feedsoft.ai/events/33875-south-korea-foreign-exchange-reserves-fall-for-second-month-in-september-on.md) | -0.3% | -0.6% |
| DXY | 2016-12-15 | [Optimistic Federal Reserve Hikes Rates](https://feedsoft.ai/events/73656-optimistic-federal-reserve-hikes-rates.md) | +1.6% | +1.1% |
| DXY | 2019-09-23 | [USD repo moves: Impact on AUD - ANZ - Forex Crunch](https://feedsoft.ai/events/57335-usd-repo-moves-impact-on-aud-anz-forex-crunch.md) | +0.5% | -1.0% |
| DXY | 2019-07-31 | [Fed Cuts: 3 Reasons The Dollar Rallied By Kathy Lien - Forexsites](https://feedsoft.ai/events/58269-fed-cuts-3-reasons-the-dollar-rallied-by-kathy-lien-forexsites.md) | +0.9% | +1.8% |
| DXY | 2018-09-26 | [Gold prices fall following Fed rate hike](https://feedsoft.ai/events/62952-gold-prices-fall-following-fed-rate-hike.md) | +0.2% | +1.5% |

## Sources

- koreajoongangdaily.com: https://www.koreajoongangdaily.com/business/forex-reserves-fall-32b/10378682

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