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The KOSPI rose 7.44% and the won recovered after Korea and the US signed a $60 billion bilateral currency swap agreement. The deal aimed to ease a dollar shortage caused by foreign capital outflows during the pandemic.
The won finished at 1,246.5 per dollar.
The swap line reduces the risk of a currency crisis, which supports the won and lowers import costs for Korean feed buyers. It is a financial-markets event with no direct effect on grain supply.
koreatimes.co.krAnna J. ParkMar 20, 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.
