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Morgan Stanley forecasts the won could fall to 1,300 per dollar by end-2017, and Citibank and State Street expect the yen to weaken toward 130 per dollar. The report also says resource-exporting currencies such as the Brazilian real and Russian ruble should strengthen while manufacturing economies struggle.
Forecast currency weakness in import-dependent Asian economies would raise the local cost of dollar-denominated feed ingredients, while stronger resource currencies in Brazil could support Brazilian export competitiveness.
en.koreadaily.comKorea Daily DigitalDec 7, 2016Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 213 past bearish macro events, Brazilian Real (BRL per USD) moved a median -0.2% over 5 sessions (46% higher; middle half -1.5% to +0.9%), 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.
