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The won opened at 1,353.8 per dollar on May 16, its strongest level in 37 days, as expectations for a September US rate cut rose after softer April CPI data. US equity indices closed at record highs the prior day.
A firmer won and rising rate-cut hopes lower the local cost of dollar-priced feed imports, supporting Korean buyers' purchasing power.
asiae.co.krPark JaehyunMay 16, 2024Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
