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Eugene Investment & Securities expects the strong dollar to persist, but sees limited chance of the won-dollar rate settling in the 1400 range near term. Researchers say the won's weakness stems mainly from dollar strength, deepened by links to the yuan and yen.
A persistently strong dollar raises the won cost of imported feed, supporting Korean buyers' demand for dollar-priced grain and meal to be less price-sensitive at the margin. The forecast points to continued pressure on dollar-denominated feed prices in won terms.
asiae.co.krCha MinyoungApr 28, 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.
