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Korea recorded its largest-ever monthly current account deficit of $4.52 billion in January, while exports fell 14.9% year on year. The won is losing value rapidly against the dollar, and the editorial flags the SVB collapse as an added risk.
A weak trade balance and currency slide raise the cost of dollar-priced feed and grain imports for Korean buyers, with limited near-term relief.
koreaherald.comKorea HeraldMar 12, 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.
