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Scotiabank expects the Korean won to trade in a 1,110-1,140 range after it fell alongside a pullback in the Kospi. Reports that North Korea was rebuilding a rocket launch site after the failed Hanoi summit raised geopolitical concern.
Scotiabank said markets have not panicked because South Korea's sovereign CDS remains low.
North Korean geopolitical risk can weaken the won and shift regional risk sentiment, but it has no clear direct effect on feed grain or protein supply and demand.
econotimes.comFxWirePro TeamMar 7, 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.
