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USD/KRW touched its lowest level of the year as the won gained more than 1% in a week on expectations of a Bank of Korea rate hike. Exporter hedging demand and an IMF growth upgrade added to the pressure.
A firmer won lowers USD/KRW, reducing the local-currency cost of imported feed ingredients for Korean buyers.
econotimes.comFxWirePro TeamNov 16, 2017Not 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.
