The KRW-USD rate fell to the 1,350 won range as the dollar weakened, with the dollar index hitting its lowest level since March 2022. The International Financial Center forecast the weak dollar trend would continue this year, citing waning US exceptionalism and expected Fed rate cuts.
A persistently weak dollar supports dollar-denominated commodity prices and makes US feed ingredients relatively more expensive for importers, though it lowers the won cost of imports.
Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.