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The won gained as USD/KRW fell to 1196.80 from a monthly high of 1243.80 after mixed May data. Industrial production fell 9.6% year on year, while retail sales rose 4.6% and the manufacturing BSI index rose.
Q1 GDP contracted 0.3% quarter on quarter.
Weak industrial output signals softer South Korean demand for industrial and feed-related inputs, while the stronger won trims import costs for dollar-priced feed. The effect on feed prices is modest.
invezz.comCrispus NyagaJun 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.
