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The South Korean won strengthened against the US dollar after November industrial production rose 0.3% and manufacturing output grew 0.7% year-over-year. Business confidence slipped to 82 in December but remained near its highest level since 2012, while retail sales fell 1%.
A stronger won and weaker dollar change the cost of imported feed ingredients for Korean buyers, while the broader dollar slide supports dollar-denominated commodity prices.
fxdailyreport.comDaffa ZakyDec 30, 2020Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
