# Seoul: Won down at 1-week low as US dollar jumps after Opec deal; stocks up - The Business Times

> The South Korean won slipped to a one-week low against the dollar after OPEC agreed its first output cut since 2008, aiming to reduce production by 1.2 million bpd from January. Regional stocks edged up, while the won was quoted at 1,175.2 per dollar. Political turmoil over an influence-peddling scandal continued to weigh on domestic markets.

- Date: 2016-11-30 · published 2016-11-30T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/74046-seoul-won-down-at-1-week-low-as-us-dollar-jumps-after-opec-deal-stocks-up-the
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A stronger dollar lifts the cost of dollar-denominated feed and commodity imports for Korea, while the OPEC cut supports crude and energy-linked prices.

## Read by commodity

- DXY: bullish ▲
- WTI: bullish ▲
- BRENT: bullish ▲
- USDKRW: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-10-03 | [US dollar strengthens after Fed comments - The Business Times](https://feedsoft.ai/events/62721-us-dollar-strengthens-after-fed-comments-the-business-times.md) | +0.6% | +2.3% |
| 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 | 2017-11-29 | [Canadian dollar hits near 4-week low versus firmer US$ - The Business Times](https://feedsoft.ai/events/68198-canadian-dollar-hits-near-4-week-low-versus-firmer-us-the-business-times.md) | +0.2% | +0.5% |
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| DXY | 2019-07-28 | [C$ steadies, after hitting 1-month low on better-than-expected US data - The Business Times](https://feedsoft.ai/events/58338-c-steadies-after-hitting-1-month-low-on-better-than-expected-us-data-the.md) | +0.6% | +1.5% |
| WTI | 2019-07-28 | [C$ steadies, after hitting 1-month low on better-than-expected US data - The Business Times](https://feedsoft.ai/events/58338-c-steadies-after-hitting-1-month-low-on-better-than-expected-us-data-the.md) | -0.8% | -3.5% |
| WTI | 2026-09-16 | [Why US$100 oil, 5% US yields affect Singdollar, ringgit differently vs other Asean currencies - The Business Times](https://feedsoft.ai/events/17725-why-us-100-oil-5-us-yields-affect-singdollar-ringgit-differently-vs-other-asean.md) | -8.8% | -8.9% |
| WTI | 2026-04-27 | [Thai baht war losses set to deepen on oil shock, strategists say - The Business Times](https://feedsoft.ai/events/19985-thai-baht-war-losses-set-to-deepen-on-oil-shock-strategists-say-the-business.md) | +7.4% | +2.1% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/seoul-won-down-1-week-low-us-dollar-jumps-after-opec

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