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The Bloomberg article reports that the South Korean won posted Asia's strongest gain in the last quarter of 2020 and broke through the 1,100 per dollar level in December. It says the Bank of Korea's policy meeting this week will be watched for comments on the rally.
Rising Treasury yields are seen as a possible hurdle to further gains.
A stronger won lowers the local cost of dollar-priced feed imports but squeezes Korean exporters, and it could prompt intervention. Feed buyers should watch the central bank's stance for any change in currency direction.
infobae.comNewsroom InfobaeJan 11, 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.
