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The won traded below 1,300 per dollar after Bank of Korea Governor Rhee Chang-yong said Thursday's rate decision should not be taken as signaling the tightening cycle is over. The pair fell 0.55% to 1,295.78 after tumbling from near 1,302.50.
A firmer won after the central bank's hawkish-leaning remarks lowers the local-currency cost of dollar-priced feed imports for Korean buyers.
teletrade.orgFeb 23, 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.
