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The won strengthened after South Korea was removed from the US Treasury currency monitoring list. The won-dollar rate was around 1,305 after a sharp short-term decline tied to a short-selling ban.
Market experts forecast the rate would recover to 1,360-1,370 by year-end.
A firmer won reduces the local-currency cost of dollar-priced feed imports, but analysts expect partial recovery in the rate. The effect on feed prices is limited.
asiae.co.krSeo Sojeong by Mun JewonNov 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.
