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The Korean won closed at 1,198.0 per dollar on August 2, its weakest level since January 2017. The move followed President Trump's announcement of 10% tariffs on a further $300 billion of Chinese imports and Japan's removal of South Korea from its trusted-trading-partner list.
A weaker won increases the cost of imported feed for Korean buyers and reflects trade-war risk that can hit Korean export demand. This raises the cost of feed inputs priced in dollars.
koreatimes.co.krAug 2, 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.
