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Options market data show the cost of insuring against North Korea-related risks, such as a drop in the won, surged this year. Three-month protection against a won decline reached 231 basis points in mid-April, double levels from six months earlier.
The story concerns currency-hedging costs in South Korea and has no clear link to feed commodity supply, demand or prices.
reuters.comDahee KimJul 10, 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.
