Loading…
The won pared losses from three-week highs of 1,241.23 despite Q1 GDP contracting 1.4% quarter on quarter, the worst since Q4 2008. A third stimulus package raising policy financing to 135 trillion won also supported the currency.
Stimulus support and a weak dollar cushioned the won against bad growth data. For feed buyers the story is a currency move with no direct effect on commodity balances.
octaafrica.netApr 23, 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.
