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The South Korean won gained 1.2% against the dollar in September, supported by bond inflows and easing equity selling. ANZ Bank expects USD/KRW to remain volatile ahead of the US election and to end 2020 around 1,170.
A stronger won reduces the local-currency cost of imported feed ingredients such as soybeans and corn, which is mildly supportive for Korean feed buyers' margins.
forexcrunch.comFX StreetSep 30, 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.
