Loading…
South Korean and Japanese finance ministers expressed serious concern over sharp weakening of their currencies against the dollar. They pledged to take appropriate steps to curb FX volatility amid Middle East tensions.
The won hit 1,400 per dollar intraday for the first time since 2022.
Verbal intervention signals possible official support for the won and yen, which could ease the local cost of dollar-priced feed imports. The dollar's strength remains the core pressure on Asian feed buyers.
en.yna.co.krOh Seok-minApr 16, 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.
