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South Korean companies repatriated a record $33.13 billion of overseas earnings in January to July, 6.3 times the year-earlier amount. The won, down about 5% for the year, received some relief from the inflows.
Earnings repatriation supports the won by adding dollar supply in Korea, which can ease import cost pressure for feed buyers, though the effect on commodity prices is small.
reuters.comYena ParkSep 21, 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.
