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South Korea's foreign exchange reserves rose by $240 million in November to $402.99 billion, according to the Bank of Korea. The increase came as the US dollar index retreated 0.2% against six major currencies, lifting the value of non-dollar holdings.
The total slightly trails the all-time high of $403 billion set in September.
A weaker dollar lifts the dollar value of non-dollar reserves and generally supports Asian currencies, with limited direct impact on feed grain prices.
koreaherald.comYonhapDec 5, 2018After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
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.
