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A Bank of Korea senior deputy governor said it is too early to decide on further monetary easing to counter the coronavirus's economic impact. The BOK kept its key rate at 1.25% at its January 17 meeting.
USD/KRW held near a seven-week high of 1,184.01 amid concern over the virus spread in China.
Won weakness raises the local cost of dollar-priced feed imports for Korea, while the lack of near-term rate cuts supports the currency. The move is modest and the impact on feed prices is limited.
forexcrunch.comFX StreetJan 30, 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.
