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The Korean won rallied sharply on January 31 after the Bank of Korea kept its base rate at 1.25%. The won was supported by broad dollar weakness following risk-off moves linked to Trump's travel ban.
A firmer won lowers the local cost of dollar-priced feed imports, though the effect on global feed prices is limited.
ibtimes.sgBoby MichaelJan 31, 2017Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, DXY moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
