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The US Federal Reserve raised its benchmark rate by 25 basis points on July 26, widening the Korea-US rate gap to a record 2 percentage points. The won-dollar rate opened lower and showed relatively stable behavior because the hike was widely anticipated.
A record rate gap raises risk of capital outflows and won weakness, which lifts the cost of dollar-priced feed imports for Korea; the market reaction so far has been muted.
asiae.co.krMun Jewon by Park EugenieJul 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.
