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The Korea Times reports that the Trump administration has pledged to combat currency devaluation and may label countries as currency manipulators. Treasury nominee Mnuchin did not rule out naming China, and South Korea could be listed as well.
A manipulator designation could push currencies such as the won and yuan higher against the dollar, raising import costs for feed buyers in those markets.
koreatimes.co.krJan 26, 2017Not enough comparable past events yet for a historical read.
After 50 past bearish policy events, Chinese Yuan (CNY per USD) moved a median -0.1% over 5 sessions (46% higher; middle half -0.4% to +0.4%), and -0.0% 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.
