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Market experts expect the won to keep gaining against the dollar through 2021 as US fiscal and liquidity programs expand the dollar supply. The won-dollar rate fell to the 1,080 range in early December, and the average November rate was 1,116.76.
Expectations of a stronger won reduce the local-currency cost of imported feed grains and soybeans for Korean buyers, though exporters face margin pressure.
koreatimes.co.krLee Min-hyungDec 22, 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.
