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South Korean Finance Minister Hong Nam-ki hinted at intervening in the foreign currency market to limit swings in the won, which had strengthened sharply against the dollar over the past month. The won closed at 1,131.9 per dollar, a 10-month high, on the day of the remarks.
Possible intervention to slow won appreciation would support the dollar against the won, which affects Korean import costs for feed ingredients priced in dollars, though the direct effect on global feed prices is limited.
koreatimes.co.krLee Kyung-minOct 22, 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.
