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The won fell sharply to 1,435.2 per dollar, its largest one-day drop since March 2020, after strong US jobs data strengthened expectations of larger Federal Reserve rate hikes. Rising Russia-Ukraine tensions and worries about a global recession also weighed on the currency.
A sharp won sell-off raises the local cost of dollar-priced feed imports, which weighs on Korean feed buyers' purchasing power. Global grain prices are not directly affected.
en.yna.co.krOct 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.
