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The Korean won gapped stronger against the dollar, with USD/KRW falling almost 0.8%, after Kim Jong Un pledged in a joint statement to pursue denuclearisation and an end to the Korean war. The move came as tensions with North Korea eased.
A stronger won reduces the local-currency cost of imported feed inputs for Korea and may limit the Bank of Korea's room to tighten policy. The effect on grain and meal prices is minor.
investinglive.comJustin LowApr 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.
