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The Korean won reached a 19-month high against the dollar, closing at 1,131.9 per dollar on October 21, 2020. The move tracked gains in the Chinese yuan and expectations of a new US stimulus package and a Biden election win.
A stronger won and yuan reflect firmer Asian demand expectations, but the effect on feed grain and meal prices is minor compared with the currency move itself.
kedglobal.comIk-Hwan KimOct 21, 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.
