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The Korean won weakened slightly against the dollar after President Moon warned that second-quarter growth will likely deteriorate due to the coronavirus. Attention also focused on unconfirmed reports about North Korean leader Kim Jong-un's health.
Weaker growth expectations and risk-off dollar demand push the won lower, which raises the local cost of dollar-priced imports such as feed ingredients. The effect on grain prices is limited.
octaafrica.netApr 28, 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.
