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The South Korean won extended its gains against the dollar on November 24 on optimism about COVID-19 vaccines and strong foreign investment. Foreign investors bought shares for 14 consecutive sessions, the longest buying spree in over four years.
The KOSPI reached an all-time high as the US transition to Joe Biden advanced.
Won strength and foreign capital inflows lower the local cost of dollar-denominated feed imports for Korean buyers. The effect on global feed commodity prices is small.
fxdailyreport.comDaffa ZakyNov 24, 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.
