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The won rallied sharply against the dollar on June 20, 2019, closing at 1,162.10 per dollar, up 14 won from the prior session. The move followed growing expectations of a US rate cut the next month.
The move reflects a broad dollar weakening after the dovish Fed signal, which tends to support dollar-priced commodities like grains and soybean meal.
en.yna.co.krJun 20, 2019Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, DXY moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
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.
