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The Korean won extended gains against the dollar on July 25 after Q2 GDP grew 0.6% quarter-on-quarter, above the 0.5% consensus. Consumer and business spending weakened, and yields on Korean government bonds rose.
Stronger-than-expected growth reduces pressure for Bank of Korea easing and supports the won, which slightly lowers Korean import costs for dollar-priced feed ingredients.
tradingpedia.comMiroslav MarinoffJul 25, 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.
