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Standard Chartered raised its 2021 GDP growth forecast for South Korea to 3.9% from 3.2% on a strong first quarter. It forecasts USD/KRW at 1,100 at end-Q2 and 1,050 at end-2021.
Stronger Korean growth supports the won and has little direct bearing on feed commodity prices.
octaafrica.netApr 27, 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.
