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The Korean won was the strongest gainer among major Asian currencies over the month to June 16, rising 5.19% to 1,271.90 per dollar. Foreign investors bought a record $11.43 billion of Korean stocks and bonds in May.
A firmer won lowers Korea's dollar cost of imported feed grains and meal, supporting Korean buying appetite, though the move is a currency story rather than a supply shock.
koreatimes.co.krYi Whan-wooJun 19, 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.
