Loading…
The won strengthened to around 1,158 per dollar on a Monday close, the first time since January it fell below 1,160, before easing slightly to 1,165 on Tuesday. Analysts attribute the gain to a weaker dollar, sound Korean fundamentals and yuan appreciation.
A firmer won lowers the cost of dollar-priced grain and meal imports for Korea, a modest positive for feed importers' costs.
koreatimes.co.krAnna J. ParkSep 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.
