Loading…
The Bank of Korea's Reserve Management Group said the dollar's recent downward trend will likely persist but could rebound next year if global recession fears rise. It expects major central banks except China and Japan to finish their rate hike cycles.
A possible renewed dollar rally in 2023 would raise the local-currency cost of dollar-priced feed ingredients. The outlook is a forecast rather than a new supply or demand shock, so direct price impact is limited.
koreaherald.comYonhapDec 27, 2022After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% 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.
