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Analysts quoted by Yonhap said the US dollar is likely to stay weak in the short term after Trump criticised China and Japan over alleged currency devaluation. They expect the won could strengthen toward 1,100 per dollar by March or April.
The forecast also rests on expectations that the Fed may find rate hikes difficult before Brexit talks begin.
A weaker dollar against the won lowers the local-currency cost of dollar-priced feed imports into Korea. It can also support US dollar-denominated commodity prices.
en.yna.co.krFeb 9, 2017After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Not 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.
