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The Bank of Korea said it sold a net $103 million in the first quarter of 2021 in market smoothing operations to ease won volatility. The won had weakened to 1,131.8 per dollar at the end of March from 1,086.3 at the end of 2020.
This is a routine central bank data release with limited direct effect on feed commodity prices. It confirms modest currency pressure on Korean feed importers.
koreaherald.comYonhapJun 30, 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.
