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The South Korean won weakened to a one-week low at 1,120.9 per dollar early Friday, ahead of a US Treasury currency report. Former president Park Geun Hye was arrested after a court-approved warrant, but the arrest had little effect on local markets.
A weaker won modestly lifts the cost of imported feed grains and soybean meal for Korean buyers, while the pending US currency report is a risk to exchange-rate expectations. Impact on agricultural prices is limited.
businesstimes.com.sgMar 30, 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.
