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The Korean won hit 1,267.8 per dollar on May 3, weighed by a strong greenback ahead of an expected 75 basis point Fed hike. Analysts said the move reflected global dollar strength rather than Korean fundamentals.
Dollar strength raises the local cost of dollar-priced feed imports into Korea, though the story describes currency moves rather than a new supply shock.
koreatimes.co.krAnna J. ParkMay 2, 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.
