# FxWirePro: South Korean won gains against U.S. dollar after comments from South Korea’s finance minister | EconoTimes

> USD/KRW traded near 1,158 on December 8 after South Korea's finance ministry said the economic recovery was sluggish due to weak production and investment. The won gained against the dollar on the comments, and the analyst notes a short-term correction within a bullish daily trend. The ministry also flagged risks from domestic issues affecting consumption.

- Date: 2016-12-08 · published 2016-12-08T12:00:00.000Z
- Category: market · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/73695-fxwirepro-south-korean-won-gains-against-u-s-dollar-after-comments-from-south
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A firmer won slightly lowers the local-currency cost of dollar-priced feed imports, but the move is a short-term FX fluctuation with limited direct effect on feed prices.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- econotimes.com: https://econotimes.com/FxWirePro-South-Korean-won-gains-against-US-dollar-after-comments-from-South-Koreas-finance-minister-440424

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