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The won-dollar rate rose sharply on January 31 after trading resumed from the Lunar New Year break, reaching about 1,452 won per dollar. The move reflected a hawkish Federal Reserve hold and renewed US tariff threats against Mexico and Canada, which lifted the dollar index.
A weaker won raises the local-currency cost of imported feed ingredients and tightens Korean feed buyers' purchasing margins. Dollar strength generally supports US grain and meal export competitiveness only marginally, while tariff uncertainty adds volatility to trade flows.
asiae.co.krKim YuriJan 31, 2025Not 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.
