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Foreign currency deposits in South Korea reached a record $70.97 billion in August, with US dollars making up 95% of the increase. Individual investors bought dollars as the won weakened about 2.4% from late July to late August.
Heavy dollar buying reflects won weakness that raises the local-currency cost of imported feed grains and meal, a modest bullish signal for feed input costs in Korea.
chosun.comSep 19, 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.
