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The won slid to a three-week low near 1,380 per dollar after the Fed raised rates by 25 basis points to 3.75%-4.00%, its first hike since 2023. Continued foreign selling of Korean assets and Brent above $100 added to the pressure.
A Fed hike widens the rate gap with Korea and strengthens the dollar, raising the won cost of imported feed grains and meal. Higher oil costs add further pressure on Korean feed and livestock margins.
todaymarkets.aeToday Markets UAE WebsiteSep 17, 2026Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
