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The won fell below 1,300 per dollar on June 23 despite verbal intervention from Korean authorities. Capital outflows, a weaker yen and a widening trade deficit, which reached $7.6 billion in the first 20 days of June, weighed on the currency.
A record trade deficit and capital flight keep pressure on the won, raising the cost of dollar-priced feed imports for Korean buyers.
pulse.mk.co.krJun 23, 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.
