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Equities in South Korea fell after the central bank raised interest rates and upgraded its 2022 inflation forecast. The move reinforced expectations for further policy tightening, with rates tipped to reach 1.50% by the end of the cycle.
The story was reported amid a stronger US dollar.
Regional tightening and a strong dollar tend to pressure emerging-market currencies and raise import costs for Asian feed buyers. The effect on agricultural commodity prices is indirect.
reuters.comHarish SridharanNov 25, 2021After 2,356 past bullish macro events, US Dollar (Broad) 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.
