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The South Korean won weakened past 1,385 per dollar after second-quarter GDP came in below expectations at 2.3% year-on-year and contracted 0.2% quarter-on-quarter. Markets increasingly expect the central bank to begin cutting rates.
A weaker won raises the local cost of dollar-denominated feed imports for Korea, and the growth slowdown could soften feed demand from the livestock sector.
tradingview.comJul 25, 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.
