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Analysts expect the Bank of Korea's back-to-back rate cuts to accelerate capital outflows and won depreciation. The won is hovering in a 1,390 to 1,410 per dollar range, and policymakers appear to be accepting that level as the new norm.
A weaker won raises the local-currency cost of imported feed ingredients such as corn, soybean meal and other dollar-priced inputs.
koreajoongangdaily.comSHIN HA-NEENov 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.
