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The South Korean won has lost about 16% against the dollar so far this year as global investors moved into dollar assets amid sharp US rate rises. The Ukraine war also drove a flight to safety.
The government, under President Yoon, pledged support for markets, and the won steadied.
Sustained currency weakness raises the cost of dollar-denominated feed imports for South Korea. The stabilization pledge limits near-term import cost increases.
reuters.comChoonsik YooOct 7, 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.
