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The South Korean won led gains among emerging Asian currencies on October 27, rising 0.6% after US bond yields fell. The move followed a US third-quarter GDP print that showed economic resilience and signs of easing inflation.
Traders expected the Federal Reserve might pause rate hikes.
A firmer won lowers the local-currency cost of dollar-priced feed imports into Korea, and expectations of a Fed pause can ease pressure on the dollar broadly.
brecorder.comReutersOct 27, 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.
