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South Korean officials raised concerns about the won with Japan after both currencies slumped to multi-year lows amid a surge in the dollar. The won and yen weakness is reverberating through global markets.
Currency weakness in key Asian importers raises the local cost of dollar-priced feed ingredients, which can dampen purchasing. The story reflects strong dollar pressure on Asian feed demand.
bloomberg.comHooyeon KimApr 17, 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.
