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Following the Fed's 50 basis point cut, the Bank of Korea may follow with its own easing, though household debt and the real estate market are constraints. The Korean won weakened 0.45 percent to 1,326 per dollar after the Fed decision, and the Kospi saw heavy foreign selling.
Expectations of Bank of Korea easing point to a weaker won in some scenarios, which would raise Korean feed import costs. The impact on commodity prices is limited because this is a monetary policy story.
koreaherald.comChoi Ji-wonSep 19, 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.
