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A private Korean think tank said a possible US currency manipulator designation would not significantly appreciate the won. The US Treasury is set to update its currency watch list in April, and the think tank flagged Fed rate timing as the bigger driver.
Currency policy risk from the US could shift the won and trade relations with Korea, a major importer of US feed grains. The direct price impact on feed commodities is minor.
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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.