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Moon Jae-in was elected South Korean president, but the won gained briefly before giving back its gains after North Korea threatened another nuclear test. Nordea Bank sees near-term downside risks for the won from geopolitics and the US dollar, with the longer-term outlook depending on the new government's economic policy.
The won is a regional currency proxy; a weaker won against the dollar makes Korean-bound feed and oilseed purchases more expensive in dollar terms and can shift Asian import demand.
econotimes.comFxWirePro TeamMay 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.
