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The USD/KRW pair fell to near 1,300 on July 4 after three days of losses from a five-week high. The fall followed Bank of Korea comments that core inflation may stay above earlier projections while headline inflation was expected to ease in July.
Persistent core inflation and a hawkish BoK support the won against the dollar, which modestly reduces the local cost of dollar-denominated feed imports.
octaafrica.netJul 4, 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.
