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The Korean won closed at 1,145 per dollar on July 8, up 6.9 won, its weakest level since October 12, 2020. The move reflects a stronger dollar and domestic currency pressure during the pandemic period.
A weaker won raises the local-currency cost of dollar-denominated feed imports, which can squeeze margins for Korean feed buyers.
koreajoongangdaily.comLEE TAE-HEEJul 8, 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.
