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Korean households and businesses bought dollars in May as the won weakened past 1,200 per dollar amid trade-war worries and a first-quarter economic contraction. Foreign-currency deposits rose by $2.4 billion to $65.6 billion as of late May.
Heavy dollar buying reflects financial stress in Korea's economy and currency weakness that raises the local cost of dollar-priced feed imports.
chosun.comJun 18, 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.
