Loading…
South Korean foreign exchange authorities were suspected of buying dollars on January 8 as the won strengthened to its highest intraday level since October 2014. The won touched 1,058.8 per dollar before sharply reversing to 1,069.9 and ending at 1,066.
A stronger won makes Korean imports cheaper but weighs on exporters, and intervention signals official resistance to further appreciation. The direct effect on feed-commodity prices is limited.
reuters.comJan 8, 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.
