Loading…
South Korea's national pension fund has reportedly been selling dollars in the forex market, according to sources. The won is trading near the 1,400-per-dollar psychological threshold, which it breached earlier in November for the first time in two years.
Pension fund dollar sales are a stabilising intervention that could limit won weakness, which in turn affects the cost of dollar-priced grain and meal imports for Korean feed buyers.
reuters.comYena ParkNov 26, 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.
