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The won ended a 10-week run of losses against the dollar, with USD/KRW last seen at 1139.30 after touching a five-month high of 1144.50 earlier that week. Analysts pointed to a softer dollar after the Fed's comments and to hopes for a US-China trade deal, while the Bank of Korea was due to hold its policy review the following week.
A firmer won slightly lowers the local cost of dollar-priced feed imports for Korean buyers. The move is routine currency trading with no major new supply or demand driver.
exchangerates.org.ukColin LawrenceApr 13, 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.
