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The Korean won weakened in recent weeks to KRW 1,191 per USD on May 16, a 4.8% drop from a year earlier and a two-year low against the dollar. The decline is attributed to China's retaliatory tariffs on $60 billion of US goods and a slowdown in growth, and Nomura expects the BOK to hold rates before cutting later.
A weaker won raises the cost of imported feed for Korean buyers and reflects trade-war demand risks that could weigh on US export demand.
rki.kbs.co.krMay 27, 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.
