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The USD/KRW rate recovered to 1,266 after BOK Governor Rhee Chang-yong said the May 26 rate hike was unanimous and that price stabilization would remain the focus for several months. The base rate rose 25 basis points from 1.5% to 1.75%.
Currency moves tied to Korean monetary policy affect the local cost of dollar-priced feed imports, but do not change global feed supply.
teletrade.orgMay 26, 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.
