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The South Korean won weakened about 0.9% against the dollar on January 19 after Fed Chair Janet Yellen signaled a quick rate hike this year. The KOSPI index closed slightly higher, led by Samsung Electronics.
Fed tightening expectations strengthen the dollar, which can pressure dollar-priced commodities and raise import costs for Korean feed buyers.
reuters.comJan 19, 2017Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
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.
