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The South Korean won closed at 1,318.40 per dollar on November 11, up 59.1 won in a single session, its largest one-day gain since 2008. The move followed a US inflation report that came in below expectations, raising hopes the Fed would slow its rate hikes.
The Korean stock index also rose 3.37% that day.
The sharp won rally reduces the local currency cost of dollar-priced feed imports, a modest offset to the firm US dollar trend. Its effect on global feed prices is limited.
en.yna.co.krOh Seok-minNov 11, 2022Not 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.
