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Korean exporters are worried about the won's appreciation and the weak dollar, with 62.3% of surveyed SMEs reporting lower profitability. The dollar index fell to 90.76 on December 7, down nearly 6% since early November.
Exporter stress and currency swings are a macro backdrop for Korean industrial demand, and a weaker dollar generally supports USD-priced grain and meal.
koreajoongangdaily.comDec 7, 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.
