Loading…
The Japanese yen has strengthened against the dollar, falling from the 161 range in early July to the 153 range by July 29, while the Korean won has continued to weaken. The yen's rise is attributed to expectations of a Bank of Japan rate hike and possible FX intervention, alongside unwinding of yen carry trades.
A firmer yen and weaker won shift the currency backdrop for feed buyers and Korean importers of US feed grains and meal, since a weak won raises the local-currency cost of dollar-priced commodities.
asiae.co.krLee ChanghwanJul 29, 2024Not enough comparable past events yet for a historical read.
Not 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.
