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The won fell to around 1,390 per dollar on June 26, closing at 1,388.7. The yen approached 160 per dollar as the dollar index rose for a third week, with the euro also weak ahead of the French election.
A firm dollar against the won and yen raises import costs for Asian feed buyers and can weigh on dollar-priced commodity demand from the region.
mk.co.kr임영신, 이소연Jun 26, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
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.
