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South Korean FX officials are suspected of selling US dollars in Asian trade to keep the won from falling past 1,195 per USD, a 15-month low. USD/KRW traded near 6.93 (the won quoted as KRW per USD in the source's terms), up 2.4% month-to-date.
Intervention to support the won slightly eases pressure on Korean importers' costs for feed grains and meal, but it does not change the underlying trade-driven demand outlook.
forexcrunch.comFX StreetMay 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.
