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Analysts expect the won to weaken further as the coronavirus spreads faster than expected, with the won closing at 1,209.2 per dollar on Friday. The won-dollar rate was its highest since September, and Standard Chartered sees possible levels up to 1,250.
A falling won and safe-haven dollar demand reflect expected supply-chain disruption and weaker Korean earnings, which mainly signals softer demand for imported feed inputs from Korea.
koreatimes.co.krKim Bo-eunFeb 21, 2020After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
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.
