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The won fell more than 10 won against the dollar on May 30, closing at 1,379.4 per dollar after touching 1,380.2 intraday, its weakest in about a month. The move followed a rise in US 10-year Treasury yields above 4.6% after a weak Treasury auction, which lifted the dollar index to 105.13.
A weaker won raises the local-currency cost of dollar-priced feed imports for Korean buyers, while a firm dollar generally pressures dollar-denominated commodity prices.
mk.co.krIm Young ShinMay 30, 2024Not 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.
