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South Korea's foreign exchange authority said it will open its dollar-won market to foreign financial institutions under a pilot program starting in January. Onshore trading hours will also be extended to 2 a.m. from July.
Rules will be adopted to keep pricing consistent during the reform.
The reform is a currency-market structure change with little direct effect on feed or grain prices. It may modestly affect won liquidity and volatility over time.
reuters.comNov 8, 2023Not 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.
