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The Korean won weakened about 6.7 won per dollar to 1,127 as rising 10-year US Treasury yields, at 1.47 percent, supported the dollar. Analysts said higher yields would slow the longer-term dollar depreciation.
A firmer dollar against the won raises the cost of imported feed inputs for Korean buyers, while a firmer dollar generally weighs on dollar-priced grains and meals.
koreatimes.co.krLee Min-hyungMar 4, 2021Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
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.
