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The South Korean won has strengthened against the US dollar by about 37 won over the past month, closing at 1,159.20 on Monday. Analysts attribute the gain mainly to optimism about US-China trade talks rather than to improving domestic economic fundamentals.
A stronger won reflects a risk-on shift tied to US-China trade progress, which tends to support export demand expectations; for feed buyers, currency moves affect Korean import costs for feed grains and meal.
koreaherald.comYonhapNov 5, 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.
