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The won neared 1,400 per dollar, and Bloomberg reported that authorities were likely to defend a line near that level. The currency had lost 0.9% over two sessions ahead of a Federal Reserve decision expected to be hawkish.
Expected official defence of the won limits near-term depreciation, but a hawkish Fed keeps pressure on import costs for Korean feed buyers.
bloomberg.comHooyeon KimJun 12, 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.
