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Analysts said the won is likely to stay steady despite the Federal Reserve's 25 basis point rate hike, with the currency up 6.9 percent against the dollar so far this year. Foreign investment into Korean equities may continue if the won stays strong, though analysts flagged dollar risks if the Fed hikes again in September and starts shrinking its balance sheet.
Expectations of a stable or stronger won keep South Korean dollar-denominated feed import costs contained, while a renewed dollar rally after further Fed tightening would raise them.
koreaherald.comYonhapJun 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.
