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The US Treasury kept Korea on its currency monitoring list, alongside China, Germany, Malaysia, Singapore, Switzerland and Taiwan, while Japan was removed. Korea met only one of the three criteria, its $37 billion trade surplus with the US, but remained listed from the previous report.
The listing signals US scrutiny of currency intervention and has little direct effect on feed commodity supply or prices.
koreajoongangdaily.comJIN MIN-JIJun 18, 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.
