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Bloomberg reports that the South Korean won is the most liquid Asian emerging-market currency and is seen as a proxy for Asian risk ahead of US fiscal policy announcements. Strategists say its moves reflect the health of regional trade, with Korean trade data a useful indicator.
Currency moves in the won signal changes in Asian trade sentiment that can affect export demand for feed grains and meal, though this is commentary rather than a new shock.
asiatimes.comAsia UnhedgedMay 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.
