Loading…
Credit Suisse expects continued upward momentum in USD/KRW as US yields rise, forecasting a 1,190-1,230 trading range. The analysts cite a likely 50 bp Fed hike in March and lingering Ukraine uncertainty as drivers of further won weakness.
A weaker won and firmer dollar increase the local cost of imported feed commodities for Korean buyers, so this forecast points to higher import costs.
octaafrica.netFeb 16, 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.
