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South Korea's foreign exchange reserves posted their biggest monthly drop in 19 months, reflecting central bank intervention to defend the won. The won had hit 1,400 per dollar in mid-April, its weakest since November 2022.
Currency intervention signals official resistance to won weakness, which affects the import cost of dollar-priced feed ingredients for Korean buyers.
reuters.comMay 6, 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.
