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Bank of Korea Governor Lee Ju-yeol held the policy rate at 1.50% in a unanimous decision and said the won's exchange rate is determined by the market. He said South Korea is unlikely to be labelled a currency manipulator in the upcoming US Treasury FX report, and the central bank trimmed its 2018 inflation forecast to 1.6%.
The central bank's currency stance and inflation outlook shape the won's path, which affects Korea's feed import costs. The direct effect on feed commodity prices is small.
investinglive.comJustin LowApr 12, 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.
