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The Bank of Korea said it will take market-stabilizing measures if necessary and is closely monitoring rates, equities, FX and capital flows. The won and the dollar moved lower broadly as risk panic eased after the Federal Reserve announced an emergency lending facility.
Policy backstops and easing risk sentiment strengthen the won, lowering dollar-denominated feed import costs for Korean buyers.
investinglive.comEamonn SheridanMar 13, 2023Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
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.
