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Hana Bank's weekly forecast puts the won-dollar rate in a 1,125 to 1,135 range for the coming week. The won closed the prior week near 1,120 after the Fed signaled possible tapering.
The outlook depends on the Fed policy meeting and the US PCE inflation index.
A narrow expected range for the won implies little change in local dollar costs for Korean feed importers this week. Currency moves of this size have minimal direct effect on US-priced feed commodities.
hapskorea.comHaps StaffMay 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.
