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South Korean foreign exchange authorities sold dollars to curb the won's fall after the US labeled China a currency manipulator. The won touched an intraday low of 1,223.0 per dollar but closed at 1,215.3.
Regulators signaled further steps to stabilize the stock market if needed.
Intervention limits short-term won weakness, which moderates the rise in Korean feed import costs. The effect on feed prices is limited as long as authorities keep defending the currency.
asiatimes.comLee Shin-hyungAug 7, 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.
