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South Korea's First Vice Finance Minister said the government is ready to stabilize the foreign exchange market if needed. The won closed at 1,201 per dollar, its weakest close since July 2020, as expectations of faster Fed tightening weighed on it.
Continued won weakness raises the local cost of imported feed grains and meal, supporting higher domestic feed prices.
en.yna.co.krKim Soo-yeonJan 6, 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.
