Loading…
UOB's quarterly outlook expects the won to weaken to 1,280 per dollar in the second quarter and 1,300 in the third, as dollar funding stress persists. It then forecasts a gradual recovery toward 1,220 by early 2021 once Asia-wide recovery takes hold.
A near-term weaker won raises the cost of imported feed inputs in Korea, while a later recovery would ease it. The forecast is a currency view with no direct commodity supply or demand change.
forexcrunch.comFX StreetApr 27, 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.
