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The Bank of Korea's concern has shifted toward won weakness rather than inflation, after the won hit a two-month low following softer expectations for Fed rate cuts. The won traded at 1,346.7 per dollar on January 17.
Won weakness raises the local cost of imported feed grains and meal, and a BOK focus on currency stability could limit domestic rate cuts.
koreajoongangdaily.comJIN MIN-JIJan 22, 2024Not 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.
