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The South Korean won and Taiwan dollar fell in early December trading after Fed officials pushed back on expectations of a quick pivot to rate cuts. The won dropped nearly 1.2%, its worst day since April, while the dollar index held near 103.34.
A weaker won increases the local cost of dollar-priced feed imports into Korea, while firmer US rate expectations support the dollar broadly.
brecorder.comReutersDec 2, 2023Not 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.
