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Asian currencies, including the Korean won, rose after signals that a US-North Korea summit would proceed. Kim Jong Un reportedly committed to complete denuclearization of the Korean Peninsula.
Liquidity was thin due to a long weekend.
Reduced geopolitical risk lifts regional risk appetite and supports Asian currencies, which lowers the local-currency cost of dollar-priced feed imports. The effect on feed commodity prices is limited.
exchangerates.org.ukFrançois AuréMay 30, 2018Not 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.
