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South Korean stocks and the won fell after the Bank of Korea raised its policy rate, while most other regional equity markets pulled back. Investors were awaiting Fed Chair Powell's speech for clues on US stimulus tapering.
Regional tightening and risk-off moves in equities have limited direct impact on feed commodity prices. The story mainly reflects rate expectations that can shift currency values against the dollar.
financialpost.comReutersAug 26, 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.
