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The won-dollar rate closed at 1,293.7 on July 11, down 12.8 won and at its lowest in 13 sessions. The decline followed expectations of slowing US inflation ahead of the June CPI release and lower Treasury yields.
A firmer won and a weaker dollar on expectations of an end to US hikes lower the local-currency cost of imported feed ingredients for Korean buyers.
asiae.co.krSeo SojeongJul 11, 2023After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
