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The Korean won fell sharply against the dollar on November 12, trading near 1,400 for the first time since April. Experts linked the move to the dollar's rally and expectations of Trump's tariffs and tax cuts.
Expectations of higher US deficits and slower Fed cuts keep the dollar strong, which raises the cost of dollar-priced feed imports for Korean buyers.
en.yna.co.krOh Seok-minNov 12, 2024Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
