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Bloomberg reported that the South Korean won and Taiwan dollar have risen 6.1% and 4.3% against the dollar this year, helped by US rhetoric on currency manipulation. Analysts at Goldman Sachs Asset Management and Societe Generale warn that both economies are vulnerable to Trump's protectionism.
Both countries rely heavily on exports, and Chinese manufacturers depend on their inputs.
A sharp reversal in these Asian currencies would shift the local-currency cost of dollar-priced imports for feed buyers in the region. Trade-war risk could also reduce export demand from China.
bangkokpost.comBloomberg NewsFeb 6, 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.
