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Bank of Korea Governor Rhee Chang-yong told Reuters that the central bank is unlikely to end its tightening cycle before the Fed does. He noted that the won has fallen about 11% against the dollar this year and that authorities have increased surveillance of currency moves.
Continued Korean tightening alongside Fed hikes keeps the dollar firm, which supports the won-denominated cost of imported feed inputs and pressures dollar-priced commodities.
reuters.comHoward Schneider, Ann Saphir, Cynthia KimAug 28, 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.
