Loading…
The Bank of Korea said it will use its new Federal Reserve currency swap to offer $12 billion in dollar lending. The dollars will be auctioned for seven-day and 84-day terms at 25 basis points over the overnight rate.
The dollar injection supports Korean financial stability during the coronavirus shock, with limited direct effect on grain or feed prices. It mainly affects currency and funding conditions for importers.
reuters.comMar 29, 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.
