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Investors grew more bearish on Asian currencies as the US dollar returned to strength. Short bets on the South Korean won were the largest among Asian currencies for a second straight week.
A stronger dollar and weaker won raise the cost of dollar-priced feed imports for Korea, while the won's sensitivity to dollar moves adds to currency-driven import cost pressure.
reuters.comHarshita SwaminathanMar 9, 2023Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Not 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.
