# FxWirePro: South Korean won opens onshore trade at 1,169.5 per U.S. dollar, faces strong support at 1,162 | EconoTimes

> The won weakened to around 1,180 per dollar after South Korea's November consumer sentiment index fell to 95.8 from 102. Technical levels for USD/KRW and EUR/KRW were outlined, and Seoul shares opened slightly higher.

- Date: 2016-11-29 · published 2016-11-29T12:00:00.000Z
- Category: market · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/74049-fxwirepro-south-korean-won-opens-onshore-trade-at-1-169-5-per-u-s-dollar-faces
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A weaker won raises the local-currency cost of dollar-priced grain and feed imports, though the effect is driven mainly by domestic sentiment rather than global supply.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- econotimes.com: https://econotimes.com/FxWirePro-South-Korean-won-opens-onshore-trade-at-11695-per-US-dollar-faces-strong-support-at-1162-422700

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