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As the won approached 1,400 per dollar on June 21, Korean authorities raised the foreign exchange swap limit with the National Pension Service from $35 billion to $50 billion by end-2024. The move is meant to limit dollar demand from the pension fund's overseas investment.
Larger swap capacity should damp won weakness, which would ease dollar-priced import costs for Korean feed buyers.
mk.co.krKim JeonghwanJun 21, 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.
