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ING cut its year-end forecast for the Korean won by 11% to 1,180 per dollar, citing the risk of an intensifying US-China trade war. The bank called the won the most exposed floating Asian currency to that conflict, and noted it was already Asia's worst performer that month.
A forecast of a weaker won signals rising costs for South Korean feed and grain importers and a possible slowdown in Korean and Chinese demand, while the dollar strengthens against Asian currencies.
themalaysianreserve.comDzulJun 27, 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.
