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South Korea's won was the biggest loser in Asian emerging markets on August 24 as a modest rebound in the dollar weighed on regional currencies. The central bank governor warned that a recent surge in coronavirus infections would likely weaken the economic recovery, and markets were positioning ahead of the Jackson Hole symposium.
This is emerging-market currency coverage driven by growth worries and dollar moves, with no direct effect on feed commodity supply, demand or prices.
sg.finance.yahoo.comShriya RamakrishnanAug 24, 2020After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
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.
