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The won fell 8 won to 1,233.1 per dollar on April 12, and the three-year Korean treasury yield reached 3.186%, its highest in almost a decade. The moves followed expectations of hot US March consumer inflation and tighter Federal Reserve policy.
Expectations of Fed tightening are strengthening the dollar and raising import costs in won terms. Higher Korean rates also add to financing costs for feed and livestock operators.
english.hani.co.krApr 12, 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.
