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Bank of Korea Governor Rhee warned of increased market volatility around each Fed rate decision and said Powell's hawkish comments were not much different from expectations. The central bank said it will keep its current monetary stance while monitoring the Fed's impact.
Expectations of further Fed hikes keep the dollar strong and currency markets volatile, which weighs on dollar-denominated commodity prices and raises import costs for Korean buyers.
cnbc.comJihye LeeAug 30, 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.
