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South Korean policy makers have increased their commentary on the foreign exchange market as the won trades near multi-year highs. The won gained 13 percent against the dollar in 2017, and analysts say officials are now speaking more restrainedly and intervening less on a large scale.
Verbal intervention rather than heavy market action suggests the won may keep firming, which affects Korean purchasing power for imported feed inputs. The effect on global feed prices is small.
bloomberg.comJiyeun Lee, Hooyeon KimJan 11, 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.
