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The Bank of Korea warned that the won faces stronger downward pressure. It cited expectations of fewer U.S. rate cuts, Middle East geopolitical conflict, and weakness in the Japanese yen and Chinese yuan.
A weaker won raises the local-currency cost of dollar-priced grain and meal imports for South Korean feed buyers, which can lift their landed costs.
reuters.comJun 26, 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.
