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Japan and South Korea are considering joint action on their weakened currencies, as the yen and won have fallen far more against the dollar than most peers. Markets are bracing for possible intervention, and the yen rebounded on that expectation.
A weak yen and won make Asian feed imports dearer in dollar terms, which can slow buying of US and Brazilian feed grains and meal. Intervention risk could tighten dollar-based demand.
reuters.comLeika KiharaApr 19, 2024Not enough comparable past events yet for a historical read.
Not 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.
