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The won-dollar rate fell below 1,100 for the first time since September 2016, with the won gaining about 4% in six weeks while other Asian and major currencies weakened. Commentary questions whether the government is now limiting its response to verbal intervention rather than active market intervention.
Limited official intervention makes a stronger won more likely to persist, which keeps USD/KRW lower and eases the local cost of dollar-priced feed imports.
businesskorea.co.krYoon Yung SilNov 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.
