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Hana Securities analysts say rising overseas investment by Korean asset managers, insurers and individual investors is adding demand for dollars and pushing the won-dollar rate higher. They expect the US-Eurozone rate gap to widen toward year-end, supporting the dollar.
Sustained dollar demand from capital outflows would keep won-denominated feed import costs elevated.
asiae.co.krLee SeunghyeongMay 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.
