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The won-dollar rate closed at 1,297.3, down 25.1 won in a single session, after US Treasury yields fell on expectations that the Fed would end rate hikes. The move followed weaker-than-expected October US jobs data.
It was the third straight daily decline in the rate.
A sharp won rally makes dollar-priced feed imports cheaper for Korean buyers in the short term. The move was driven by US rate expectations, so it is tied to dollar direction.
asiae.co.krSeo SojeongNov 6, 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.
