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The South Korean won closed down 1.1% at 1,409.7 per dollar on Thursday, its weakest close since March 2009. Authorities vowed measures to ease pressure, and local media reported a possible central bank and pension fund currency swap.
Currency weakness in a major Asian feed importer raises local import costs and can slow purchases of US feed ingredients, while a stabilizing measure could ease that pressure.
brecorder.comReutersSep 22, 2022Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, DXY moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
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.
