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Foreign exchange authorities said an excessively weak won is undesirable and promised a comprehensive policy response. The won had neared its weakest level in 16 years, at 1,483.6 per dollar on Tuesday, before rebounding to about 1,470 after the statement.
Official intervention to support the won raises the chance of a stronger currency, which would lower the local cost of dollar-priced feed imports. The effect on feed prices depends on whether the government follows through.
Not enough comparable past events yet for a historical read.
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.