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The Bank of Korea left its 7-day repo rate unchanged at 1.50% at its August meeting despite US-China and Japan-South Korea trade risks. The won reversed from six-day highs of 1208.15 per dollar, trading near 1,209.50 after the decision.
A rate hold leaves the won's rate-driven support intact, so import costs for Korean feed buyers depend mainly on the trade-driven currency moves. The result is little direct price impact on feed commodities.
octaafrica.netAug 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.
