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The won and Korean government bonds fell to 2023 lows on September 26 after the Fed signaled further tightening, with the US 10-year yield reaching 4.5%. The won closed at 1,348.50 per dollar and the Kospi fell 1.3%.
Higher US yields and a stronger dollar tighten financial conditions across emerging markets, raising import costs for Korean feed buyers and pressuring dollar-priced grain and oilseed prices.
kedglobal.comDo-Won Lim, Sin-Young ParkSep 26, 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.
