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South Korea's Ministry of Strategy and Finance and the Bank of Korea sent a joint protest letter to the Financial Times over its report naming South Korea a likely currency manipulator. The FT said Korea, Taiwan and Singapore were the obvious culprits.
Korea remains on the US Treasury watch list and could face designation in the April currency report.
A manipulator designation could lead to US punitive actions and could prompt Seoul to limit currency intervention, adding volatility to the won. This matters for dollar-priced feed import costs.
pulse.mk.co.krFeb 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.
