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Reuters, citing a source, reports that South Korean FX authorities bought about $20 billion from SK Hynix's repatriated dollar proceeds from its US ADR listing. The purchases went through the Foreign Exchange Stabilization Fund to stabilize FX volatility and replenish reserves.
Large state dollar purchases support the won and can lower the local cost of dollar-priced feed imports. The effect on global feed commodity prices is small.
stockopedia.comMay 25, 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.
