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The Bank of Korea said it sold a net $2.1 billion in dollars in the first quarter of 2023 to slow the won's decline against the dollar. This was the seventh straight quarter of dollar selling for market smoothing since the third quarter of 2021.
Central bank intervention to support the won modestly offsets currency pressure on Korean feed importers, but the effect on global feed prices is limited.
koreaherald.comYonhapJun 30, 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.
