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Market watchers expect the won to fluctuate sharply after the government plans to draw up to 6 trillion won ($4.5 billion) from the foreign exchange stabilization fund to offset a 30 trillion won tax shortfall this year. Critics argue the fund should be reserved for extreme volatility, not fiscal needs.
Drawing down currency buffers signals reduced capacity to defend the won, which can keep Korean import costs for feed ingredients volatile and elevated.
koreatimes.co.krLee Kyung-minOct 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.
