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The Korean won weakened about 1.5% against the dollar from late October, trading at 1,186.5 per dollar. Foreign investors nonetheless net bought 3.77 trillion won of Korean shares in November after heavy selling in October.
The dollar index reached its strongest level since July 2020.
Sustained dollar strength and a weak won keep Korean importers' feed input costs elevated. Analysts expect the won to stay above 1,200 only if a larger risk event emerges.
koreajoongangdaily.comLEE TAE-HEENov 25, 2021Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, DXY moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
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.
