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South Korea's central bank and National Pension Service are discussing expanding their $35 billion FX swap programme, though no decision has been made. The swap lets the pension fund borrow reserves rather than buy dollars onshore, and the won has weakened 6.7% against the dollar this year.
A larger swap line would add dollar liquidity to support the won, potentially easing pressure on Korean import costs for feed ingredients.
brecorder.comReutersMay 31, 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.
