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The Bank of Korea reported it sold a net $345 million in the second quarter of 2020 to smooth currency fluctuations, much less than the $5.85 billion sold in the first quarter. The central bank said the won remained stable in Q2, aided by a currency swap line with the US Federal Reserve.
Reduced central bank intervention signals a calmer won, which limits import-cost volatility for Korean feed buyers but has little direct price impact on grains.
en.yna.co.krKim Soo-yeonSep 29, 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.
