Loading…
The won fell 1.4% against the dollar in June while the dollar index gained 2.9%. Economists at MUFG expect USD/KRW to come under pressure in the third quarter as South Korea's vaccination drive and economic recovery improve, and they see a possible Bank of Korea rate hike as early as October.
An expected stronger won would ease import costs for Korean feed buyers, though the outlook depends on vaccination progress and COVID-19 case trends.
octaafrica.netJul 5, 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.
