Loading…
The won-dollar rate rose more than 10 won from before the Chuseok holiday to above 1,185, its highest level in about a year. Concerns over Evergrande's possible default and a dollar rally around the FOMC meeting drove safe-haven demand.
Offshore trading had reached 1,190 during the holiday.
A sharp won sell-off raises the local-currency cost of imported feed and grain for Korean buyers, and a firmer dollar tends to weigh on dollar-priced commodities.
asiae.co.krSep 23, 2021Not 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.
