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South Korean stocks and the won slid on Friday as the U.S. Federal Reserve kept rates steady but signaled continued gradual tightening. The won was quoted at 1,128.3 per dollar, 0.98% weaker than the prior close, and South Korean bond yields fell.
A stronger dollar and Fed tightening tend to pressure emerging-market currencies and risk assets, which can weigh on import-dependent feed buyers' local purchasing costs and affect the USD-linked grain price environment.
reuters.comNov 9, 2018Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
