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The won recovered this week on a current account surplus, improving foreign investor sentiment and government intervention in debt markets. The currency closed at 1,364.80 per dollar, up from a 13-year low of 1,444.2 on October 25.
Foreign investors have resumed net buying of Korean shares, partly as funds moved out of China.
A stronger won lowers the local currency cost of dollar-priced imports, including feed. The move is driven by capital flows and has little effect on global feed supply.
koreajoongangdaily.comJIN MIN-JINov 9, 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.
