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The won fell as much as 1.5% to 1,303.8 per dollar, its weakest since December 20, after US producer prices rose 0.7% in January, above the 0.4% forecast. Initial jobless claims unexpectedly fell to 194,000, and Fed officials took hawkish stances.
Hotter US inflation data and a resilient labor market raise odds of further Fed hikes, supporting the dollar and adding pressure on import-dependent feed buyers in Asia.
kedglobal.comMi-Hyun JoFeb 17, 2023After 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.
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.
