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The won is expected to strengthen as improved economic growth expectations help it break out of its narrow trading range against the dollar. The Bank of Korea raised its 2021 growth forecast to the mid-3% range, and the won had risen 1.4% in April to 1,116.50.
A stronger won makes Korean currency-linked feed import costs cheaper in dollar terms, a minor factor for feed buyers sourcing from Korea.
ajot.comBloombergApr 18, 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.
