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The won-dollar exchange rate rose back to about 1,353.7 won in Seoul trading on October 26, driven by higher US Treasury yields. Markets were awaiting the US third-quarter GDP release, with economists expecting 4.3% growth.
The Bank of Korea reported South Korean Q3 GDP growth of 0.6%.
A stronger dollar against the won raises the local cost of imported feed ingredients for Korean buyers, while stronger US growth and rate expectations can support the dollar broadly, a mild headwind for dollar-priced grain and meal.
asiae.co.krSeo SojeongOct 26, 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.
