Loading…
The Korean won closed at 1,349.3 per dollar on September 27, 2023, its weakest close since August 2022, as investors bought the dollar as a safe haven. The dollar index hit a 10-month high of 106.21 the previous day.
A stronger dollar and weaker won raise the cost of dollar-priced feed imports for Korea and can dent its import demand, while a firmer dollar generally weighs on dollar-denominated grain and oilseed prices.
koreajoongangdaily.comNEWS1Sep 27, 2023After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Not 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.
