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The won fell more than 1% on Wednesday to 1,442.20 per dollar, its weakest since March 2009, as the global market rout continued. The central bank said no currency swap with the US was needed, while the bank and government signaled bond market intervention.
A deepening won slide raises Korean import costs for feed and grain, potentially curbing demand for dollar-priced feed ingredients.
koreajoongangdaily.comJIN MIN-JISep 28, 2022Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) 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.
