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The won-dollar rate hovered between 1,180 and 1,190 won per dollar after trading above 1,200 on October 12, 2021. Analysts cite expected Fed tapering, China's slowing growth tied to Evergrande's default risk and power shortages, and rising energy, food and raw material prices as drivers.
Persistent won weakness raises the cost of imported feed grains and meal for Korean buyers. Tighter U.S. policy and a weaker Chinese demand outlook point to continued currency pressure on feed importers.
rki.kbs.co.krOct 18, 2021Not enough comparable past events yet for a historical read.
After 169 past neutral macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +0.2%), and -0.0% 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.
