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South Korea's won was the best-performing Asian currency in December after being the worst over the previous 11 months, rising 1.7% this month. The gains followed the US-China phase-one trade deal announced December 13 and improving local data such as higher consumer confidence and a manufacturing gauge rising for a second month.
A firmer won and easing trade-war escalation support Korean import demand for feed ingredients and reduce the risk premium on emerging-market currencies, a modest supportive factor for feed buyers in the region.
gulf-times.comBloomberg/ SingaporeDec 30, 2019Not 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.
