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A Korea Herald editorial warns that higher US interest rates, high energy prices and a strong dollar are three risks to the Korean economy. It notes the Fed left rates unchanged but signaled one more hike, and the Bank of Korea held at 3.5%.
Rate gaps and a weak won raise Korea's import costs for energy and feed, which could squeeze margins for livestock and feed buyers if the pressure persists.
koreaherald.comKorea HeraldSep 24, 2023After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% 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.
