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The Bank of Korea kept its benchmark rate at 1.75% for a fourth straight meeting, in line with expectations from 20 of 21 economists in a Reuters poll. The central bank flagged rising trade risks and softer inflation, and USD/KRW was quoted near 1,192 after the decision.
A steady policy rate with the won under pressure keeps Korean import costs elevated, with limited direct effect on feed commodity prices.
forexcrunch.comFX StreetMay 31, 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.
