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The Bank of Korea left its benchmark rate unchanged at 0.50% at its November meeting and revised its GDP and inflation forecasts upward. USD/KRW bounced from daily lows of 1,105.94 to around 1,106.5.
Rising coronavirus cases were cited as a source of selling pressure on the won.
The won's movement changes the local-currency cost of imported feed ingredients for Korean buyers. The effect on global feed prices is minimal.
forexcrunch.comFX StreetNov 26, 2020
octaafrica.netNov 26, 2020Not 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.
