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The USD/KRW exchange rate fell from a two-year high near 1,265 after South Korean FX authorities intervened to support the won. The move followed a sharp sell-off driven by the strong dollar and regional risk.
A firmer won eases the local-currency cost of imported feed grains and meal for a short period. The relief depends on whether authorities can hold the rate as Fed tightening continues.
octaafrica.netApr 27, 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.
