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The South Korean won has depreciated over 10% against the dollar this year and recently passed the 1,300 mark for the first time since 2008. A commentary piece expects continued weakness through Q1 2023 driven by Fed rate hikes, capital outflows and costly oil and gas imports.
Persistent won weakness raises import costs for Korean feed buyers and reinforces dollar strength that weighs on dollar-priced feed commodities.
frontierview.comMilind SinghJul 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.
