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The Korean won touched 1,486.7 per dollar intraday on December 27, the first time it hit the 1,480 level since 2009, and later closed near 1,470. Political turmoil over the impeachment of acting President Han Duck-soo and expectations of slower Fed rate cuts drove the decline.
A weaker won increases the won cost of imported feed inputs and food for Korea, which can squeeze margins for local feed mills and livestock producers.
koreaherald.comIm Eun-byelDec 29, 2024Not 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.
