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Bank of Korea Governor Rhee Chang-yong said the won's rapid slide against the US dollar will be a critical factor in the pace of future rate cuts. The won traded at 1,392.5 per dollar, down from about 1,310 a month earlier, as the dollar kept strengthening after the October policy meeting.
A weaker won raises the cost of imported feed inputs priced in dollars and can shift Korean import demand for grains and meal, while a slower easing path keeps financing costs elevated for Korean livestock and feed buyers.
koreatimes.co.krLee Kyung-minOct 27, 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.
