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Asia Business Daily analysis says the US-Korea benchmark rate gap has widened to a record 1.75 percentage points, raising concern about another won-dollar rise. Experts expect the won to stabilize downward as US tightening nears its end and the dollar weakens.
A weaker won raises the local-currency cost of dollar-priced feed imports into Korea, but experts' expectation of stabilization would ease that pressure. The effect on US or global feed grain prices is limited.
asiae.co.krSeo SojeongMay 7, 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.
