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The won strengthened sharply to 1,054.2 per dollar, its lowest level in more than three years, as Korea negotiated with the United States over greater transparency in its foreign exchange smoothing operations. Analysts expect Korea to reduce its market interventions, possibly pushing the rate below 1,000 won.
A policy shift toward less FX intervention could keep the won firm, lowering the local-currency cost of imported feed and raising import purchasing power in Korea. The impact on feed commodity prices is limited.
koreatimes.co.krApr 3, 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.
